Turmeric ended down on continued profit booking as higher margins and hopes recent rains would boost yields weighed on sentiment. In Nizamabad, a major spot market in Andhra Pradesh, price ended at 10,923.6 rupees per 100 kg. Turmeric yesterday we have seen that market has moved -4%. Market has opened at 10260 & made a low of 9972 versus the day high of 10260. The total volume for the day was at 5810 lots and the open interest was at 14940. Support for turmeric is at 9876 below that could see a test of 9780. Resistance is now seen at 10164 above that could see a resistance of 10356.

Trading Ideas:

TURMERIC TRADING RANGE IS 9600-10250.

TURMERIC ENDED DOWN ON CONTINUED PROFIT BOOKING

SELL TMC DEC ON JUMP TILL 10150 SL 10280 TGT 10020-9940-9800. NCDEX

A BREAK BELOW 9800 ADD SHORT WITH SL 9920 TGT 9740-9680-9610-9572. NCDEX

NOW RES IS AT 10060 A JUMP TILL THAT LEVEL LOOK TO SELL AGAIN.

IN NIZAMABAD SPOT PRICES DROPPED BY 1542 RUPEES TO 10923.60 RUPEES PER 100 KG