Turmeric yesterday we have seen that market has moved -2.98% as traders opted to lock profits after a rising more than 10 percent through last week. India's turmeric exports fell 13 percent to 22,250 tonnes in April-August 2010 from the same period a year ago, the Spices Board. In Nizamabad, a major spot market in AP, the price ended at 14688.5 rupees gained by 488.5 rupees. Market has opened at 13998 & made a low of 13506 versus the day high of 14070. The total volume for the day was at 9630 lots and the open interest was at 9210.Support for turmeric is at 13334 below that could see a test of 13138. Resistance is now seen at 13898 above that could see a resistance of 14266.

Trading Ideas:

Turmeric trading range is 13138-14266.

Turmeric ended lower as traders opted to lock profits

Turmeric is having resistance at 13898 and support at 13334 level.

Turmeric exports fell 13 percent to 22,250 tonnes in Apr-Aug

In Nizamabad, a major spot market in AP, the price ended at 14688.5 rupees gained by 488.5 rupees.