Turmeric yesterday we have seen that market has moved 2.35% as weakening supplies amid a pick-up in domestic demand in the festival season prompted buying. Turmeric arrivals in the Nizamabad mandi slipped to 350 bags from 400 bags. The Erode arrivals at 5,000 bags were unchanged from last day. In Nizamabad, a major spot market in AP, the price ended at 14572.2 rupees gained by 66.95 rupees. Market has opened at 13752 & made a low of 13730 versus the day high of 14024. The total volume for the day was at 6335 lots and the open interest was at 10120.Support for turmeric is at 13799 below that could see a test of 13617. Resistance is now seen at 14093 above that could see a resistance of 14205.

Trading Ideas:

Turmeric trading range is 13617-14205.

Turmeric ended higher as weakening supplies amid a pick-up in domestic supported prices

Turmeric is having resistance at 14093 and support at 13799 level.

Turmeric arrivals in the Nizamabad mandi slipped to 350 bags from 400 bags.

In Nizamabad, a major spot market in AP, the price ended at 14572.2 rupees gained by 66.95 rupees.