Turmeric yesterday we have seen that market has moved 0.41% as prices continued to rise on robust demand. In Nizamabad mandi turmeric arrivals were at 500 bags and the arrivals in the Erode in the state of Tamil Nadu were around 10,000 bags. Demand from the local stockiest and overseas buyers is expected to improve ahead of winter season. Turmeric stocks with the stockiest are projected lower at 12 lakh bags. In Nizamabad, a major spot market in AP, the price ended at 15836.85 rupees gained by 75.75 rupees. Market has opened at 14388 & made a low of 14080 versus the day high of 14736. The total volume for the day was at 5645 lots and the open interest was at 4965.Support for turmeric is at 14075 below that could see a test of 13749. Resistance is now seen at 14731 above that could see a resistance of 15061.

Trading Ideas:

Turmeric trading range is 13735-15047.

Turmeric ended positive as prices continued to rise on robust demand

Turmeric is having resistance at 14540 and support at 14360 level.

NCDEX accredited warehouses turmeric stocks fell 409 tonnes to 4008 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 15836.85 rupees gained by 75.75 rupees.