Turmeric yesterday we have seen that market has moved -3.01% on profit-taking driven by the monsoon progress. In Nizamabad, a major spot market in Andhra Pradesh, turmeric gained 232 rupees to 15,265 rupees per 100 kg. Market has opened at 15636 & made a low of 14716 versus the day high of 15636. The total volume for the day was at 19165 lots and the open interest was at 7195.Support for turmeric is at 14472 below that could see a test of 14134. Resistance is now seen at 15392 above that could see a resistance of 15974.

Trading Ideas:

Turmeric trading range is 14134-15974.
Turmeric ended lower on profit-booking driven by the monsoon progress
Turmeric looks to have resistance at 14920 and support is at 14700.
Yesterday we have seen that open interest fell by 450 and volume rose by 12980
SELL TURMERIC JULY @ 14900 SL 14970 TGT 14830-14725.NCDEX
In Nizamabad spot prices gained 271 rupees and settled at 15304 rupees per 100 kg.