Turmeric yesterday we have seen that market has moved 4.01% due to decline in arrivals and some inquiries from overseas. Daily arrivals have come down to 300-400 bags (70 kg) in Nizamabad against 1,000 bags around 10 days back. In Nizamabad, a major spot market in Andhra Pradesh, the price ended at 14,550 rupees. Market has opened at 14144 & made a low of 14080 versus the day high of 14738. The total volume for the day was at 8080 lots and the open interest was at 6865.Support for turmeric is at 14299 below that could see a test of 13861. Resistance is now seen at 14957 above that could see a resistance of 15177.

Trading Ideas:

Turmeric trading range is 13861-15177.

Turmeric ended higher on a decline in arrivals and some inquiries from overseas

Turmeric looks to have resistance at 14820 and support is at 14660.

NCDEX accredited warehouses turmeric stocks jumped 120 tonnes to 757 tonnes.

TURMERIC HOLDING SUPPORT AT 14500 AND RESISTANCE AT 14840.NCDEX

In Nizamabad spot prices settled at 14550 rupees per 100 kg.