Turmeric yesterday we have seen that market has moved -1.21% weighed by rising supplies from the new crop and sluggish exports. Arrivals from the new crop are rising in the spot markets. Demand has gone down on apprehensions of further fall in the prices. Turmeric output is likely to rise to 6.7 million bags of 70 kg each from 4.65 million bags produced in 2009/10. In Nizamabad, a major spot market in AP, the price ended at 13022.25 rupees dropped by -286.1 rupees. Market has opened at 9950 & made a low of 9770 versus the day high of 9950. The total volume for the day was at 1575 lots and the open interest was at 5950.Support for turmeric is at 9737 below that could see a test of 9663. Resistance is now seen at 9917 above that could see a resistance of 10023. Trading Ideas:

Turmeric trading range is 9658-10018.

Turmeric ended lower by rising supplies from the new crop

Turmeric is having resistance at 9917 and support at 9737 level.

Arrivals from the new crop are rising in the spot markets.

SELL TMC APR BELOW 9800 SL 9960 TGT 9720-9600-9480.NCDEX

In Nizamabad, a major spot market in AP, the price ended at 13022.25 rupees dropped by -286.1 rupees.