Turmeric yesterday we have seen that market has moved 0.18% helped by limited stocks in the spot markets, but a reviving monsoon expected to help sowing and boost output limited the upside. Good rains are helping sowing and pressuring prices. In Nizamabad spot prices settled ended at 14764 rupees per 100 kg. Market has opened at 14640 & made a low of 14640 versus the day high of 14790. The total volume for the day was at 2240 lots and the open interest was at 6480.Support for turmeric is at 14610 below that could see a test of 14550. Resistance is now seen at 14760 above that could see a resistance of 14850.

Trading Ideas:

Turmeric trading range is 14467-14767.

Turmeric ended positive helped by limited stocks in spot markets

Turmeric looks to have resistance at 14760 and support is at 14610.

Yesterday we have seen that open interest rose by 90 and volume fell by 430

BUY TMC AUG @ 14500 SL 14420 TGT 14580-14650-14720.NCDEX

In Nizamabad spot prices settled ended at 14764 rupees per 100 kg