Turmeric yesterday we have seen that market has moved 2.65% due to robust local demand and slack supplies. Some export enquiries also supported the rise. Domestic demand is expected to be strong during the ongoing festival season.  Local demand has gained pace due to the festival season and is likely to continue to be good in near term. In Nizamabad, a major spot market in AP, the price ended at 13968.4 rupees gained by 277.95 rupees. Market has opened at 13194 & made a low of 13060 versus the day high of 13570. The total volume for the day was at 9835 lots and the open interest was at 8700.Support for turmeric is at 13157 below that could see a test of 12853. Resistance is now seen at 13667 above that could see a resistance of 13873.

Trading Ideas:

Turmeric trading range is 12853-13873.

Turmeric ended higher due to robust local demand and slack supplies

Turmeric looks to have resistance at 13600 and support is at 13320.

NCDEX accredited warehouses turmeric stocks fell 30 tonnes to 4478 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 13968.4 rupees gained by 277.95 rupees.