Turmeric yesterday we have seen that market has moved -1.1% on selling interest at higher levels. Turmeric stocks with the stockiest are projected lower at 12 lakh bags. Turmeric prices depends on growth of the sown crop. Further, demand from the domestic and overseas buyers will also determine the price trend in the above period. In Nizamabad, a major spot market in AP, the price ended at 14922.2 rupees gained by 128.45 rupees. Market has opened at 13402 & made a low of 13140 versus the day high of 13722. The total volume for the day was at 11905 lots and the open interest was at 11785.Support for turmeric is at 13026 below that could see a test of 12792. Resistance is now seen at 13608 above that could see a resistance of 13956.

Trading Ideas:

Turmeric trading range is 12792-13956.

Turmeric ended weak on selling interest at higher levels

Turmeric is having resistance at 13480 and support at 13120 level.

NCDEX accredited warehouses turmeric stocks fell 139 tonnes to 5005 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 14922.2 rupees gained by 128.45 rupees.