Turmeric yesterday we have seen that market has moved -1.05% on a revival of the monsoon, which is likely to boost sowing. With monsoon reviving turmeric acreage could increase further. Turmeric exports in April 2010 gained 13 percent to 5,300 tonnes on year, the Spices Board said. Market has opened at 14240 & made a low of 14024 versus the day high of 14300. The total volume for the day was at 1815 lots and the open interest was at 5870.Support for turmeric is at 13983 below that could see a test of 13865. Resistance is now seen at 14259 above that could see a resistance of 14417.

Trading Ideas:

Turmeric trading range is 13865-14417.

Turmeric ended weak on a revival of monsoon which is likely to boost sowing.

Turmeric exports in April 2010 gained 13 percent to 5,300 tonnes on year

Turmeric looks to have resistance at 14260 and support is at 13980.

SELL TMC AUG BELOW 14020 SL 14120 TGT 13960-13890-13820.NCDEX

NCDEX accredited warehouses turmeric stocks fell 10 tonnes to 2142 tonnes.