Turmeric yesterday we have seen that market has moved 0.25% on some value buying after losing more than 3 percent in two sessions. Turmeric crop reaches to vegetative to corm development stage in most of the areas. Traders are estimated the total production of around 70 lakh bags in the current year against 48 lakh bags reported last year. In Nizamabad, a major spot market in AP, the price ended at 14411.5 rupees dropped by -108.5 rupees. Market has opened at 13566 & made a low of 13282 versus the day high of 13590. The total volume for the day was at 6920 lots and the open interest was at 9685.Support for turmeric is at 13318 below that could see a test of 13146. Resistance is now seen at 13626 above that could see a resistance of 13762.

Trading Ideas:

Turmeric trading range is 13146-13762.

Turmeric ended positive on some value buying

Turmeric is having resistance at 13626 and support at 13318 level.

Turmeric crop reaches to vegetative to corm development stage in most of the areas

In Nizamabad, a major spot market in AP, the price ended at 14411.5 rupees dropped by -108.5 rupees.