Turmeric yesterday we have seen that market has moved 1.66% supported by poor stocks and a limited supply in spot. Demand is good but traders prefer to buy at lower levels. Prices have risen a lot in the last one month. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 354 rupees to end at 14,776 rupees. Market has opened at 14491 & made a low of 14170 versus the day high of 14920. The total volume for the day was at 15990 lots and the open interest was at 10290.Support for turmeric is at 14320 below that could see a test of 13870. Resistance is now seen at 15070 above that could see a resistance of 15370.

Trading Ideas:

Turmeric trading range is 13870-15370.

Turmeric ended higher supported by poor stocks and a limited supply in spot

Turmeric looks to have resistance at 14620 and support is at 14440.

Yesterday we have seen that open interest fell by 250 and volume by 6120

In Nizamabad spot prices fell 354 rupees and settled at 14776 rupees per 100 kg.

SELL TMC JUNE BELOW 14600 SL 14680 TGT 14540-14460-14380.NCDEX