Turmeric yesterday we have seen that market has moved 4.01% lead by fresh buying amid lower stocks and strong demand. Turmeric stocks with the stockiest are projected at 15 lakh bags. Turmeric arrivals in the Nizamabad mandi stands at 400 bags and Erode arrivals were higher at 10,000 bags. Lower ending stocks of turmeric will help prices to find support in the short term if demand revives in the near term ahead of festivals. In Nizamabad, a major spot market in AP, the price ended at 14550 rupees gained by 25.3 rupees. Market has opened at 12560 & made a low of 12560 versus the day high of 13034. The total volume for the day was at 4935 lots and the open interest was at 8830. Support for turmeric is at 12718 below that could see a test of 12402. Resistance is now seen at 13192 above that could see a resistance of 13350. Trading Ideas:

Turmeric trading range is 12402-13350.

Turmeric ended higher lead by fresh buying amid lower stocks and strong demand

Turmeric is having resistance at 13192 and support at 12718 level.

NCDEX accredited warehouses turmeric stocks rose 30 tonnes to 4423 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 14550 rupees gained by 25.3 rupees.