Turmeric yesterday we have seen that market has moved 0.39% supported by local demand amid slack supplies and on some enquiries from overseas buyers. Domestic demand is expected to be strong during the ongoing festival season. Turmeric arrivals in the Nizamabad mandi were steady at 500 bags. The Erode arrivals were down to 10,000 bags from 11,000 bags. Market has opened at 13874 & made a low of 13832 versus the day high of 14002. In Nizamabad, a major spot market in AP, the price ended at 14200 rupees gained by 232 rupees. The total volume for the day was at 4150 lots and the open interest was at 8465.Support for turmeric is at 13843 below that could see a test of 13753. Resistance is now seen at 14013 above that could see a resistance of 14093.

Trading Ideas:

Turmeric trading range is 13753-14093.

Turmeric ended higher supported by local demand amid slack supplies

Turmeric is having resistance at 14013 and support at 13843 level.

The Erode arrivals were down to 10,000 bags from 11,000 bags.

In Nizamabad, a major spot market in AP, the price ended at 14200 rupees gained by 232 rupees.