Turmeric yesterday we have seen that market has moved 0.76% due to a pick-up in domestic demand during the festival season amid slack supplies buoyed sentiment. Some export enquires have come from Dubai, prices are likely to trade firm. Turmeric arrivals in Nizamabad stands at 400 bags and in Erode mandi arrivals stands at 6,000 bags. In Nizamabad, a major spot market in AP, the price ended at 14832.5 rupees gained by 124.2 rupees. Market has opened at 12968 & made a low of 12850 versus the day high of 13046. The total volume for the day was at 2455 lots and the open interest was at 8890. Support for turmeric is at 12878 below that could see a test of
12766. Resistance is now seen at 13074 above that could see a resistance of 13158.

Trading Ideas:

Turmeric trading range is 12766-13158.

Turmeric ended positive supported by pick-up in domestic demand

Turmeric is having resistance at 13075 and support at 12880 level.

Turmeric arrivals in Nizamabad stands at 400 bags and in Erode stands at 6,000 bags

In Nizamabad, a major spot market in AP, the price ended at 14832.5 rupees gained by 124.2 rupees.