Turmeric yesterday we have seen that market has moved 1.27% on short covering and due to good demand from northern part of the country amid lower supplies. Festival demand is coming from northern India. Demand is likely to improve further in the coming days ahead of Diwali. In Nizamabad, a major spot market in AP, the price ended at 14689.45 rupees dropped by -648.05 rupees. Market has opened at 12468 & made a low of 12430 versus the day high of 12594. The total volume for the day was at 2260 lots and the open interest was at 10655.Support for turmeric is at 12469 below that could see a test of 12367. Resistance is now seen at 12633 above that could see a resistance of 12695.

Trading Ideas:

Turmeric trading range is 12367-12695.

Turmeric ended positive on short covering and due to good demand

Turmeric is having resistance at 12640 and support at 12470 level.

Demand is likely to improve further in the coming days ahead of Diwali.

In Nizamabad, a major spot market in AP, the price ended at 14689.45 rupees dropped by -648.05 rupees.