Turmeric once again jumped almost by 4.63% on the anticipation of rising export and domestic demand, which have lead to traders hold back their stock, outweighing the hopes estimates of higher production this year. Some export queries from mid-east Asian countries too have been noted. In Nizamabad, a major spot market in AP, the price ended at 15176.3 rupees gained by 184.2 rupees. Market has opened at 13216 & made a low of 13216 versus the day high of 13476. The total volume for the day was at 955 lots and the open interest was at 4085.Support for turmeric is at 13303 below that could see a test of 13129. Resistance is now seen at 13563 above that could see a resistance of 13649.

Trading Ideas:

Turmeric trading range is 13129-13649.

Turmeric ended higher on the anticipation of rising export and domestic demand

Turmeric is having resistance at 13565 and support at 13380 level.

NCDEX accredited warehouses turmeric stocks fell 30 tonnes to 4587 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 15176.3 rupees gained by 184.2 rupees.