Turmeric yesterday we have seen that market has moved 0.91% on a combination of some buying interest at lower levels, a spot recovery and restricted arrivals. Turmeric sowing is in process and timely and distributed rains may accelerate the operation. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 27 rupees to end at 14,725 rupees. Market has opened at 14408 & made a low of 14270 versus the day high of 14582. The total volume for the day was at 2260 lots and the open interest was at 3770.Support for turmeric is at 14353 below that could see a test of 14155. Resistance is now seen at 14665 above that could see a resistance of 14779.

Trading Ideas:

Turmeric trading range is 14155-14779.

Turmeric ended positive buying interest at lower levels and restricted arrivals

Turmeric looks to have resistance at 14630 and support is at 14470.

Yesterday we have seen that open interest by rose 40 and volume fell by 250

SELL TMC JULY BELOW 14400 SL 14475 TGT 14340-14280-14220.NCDEX

In Nizamabad spot prices gained 27 rupees and settled at 14725 rupees per 100 kg.