Turmeric climbed over two percent in thin volume trade on dwindling stockpiles and improved spot demand. A likely rise in the production this year due to higher acreage restricted the upside. Turmeric yesterday we have seen that market has moved 2.09%.

Market has opened at 7080 & made a low of 7080 versus the day high of 7380. The total volume for the day was at 11570 lots and the open interest was at 14390. Support for turmeric is at 7117 below that could see a test of 6948. Resistance is now seen at 7417 above that could see a resistance of 7548.

Trading Ideas:

TURMERIC TRADING RANGE IS 6900-7500.

TURMERIC CLIMBED ON DWINDLING STOCKPILES AND IMPROVED SPOT DEMAND

NOW RESIST IS AT 7360 AND SUPPORT WILL BE AT 7210.

IN NIZAMABAD SPOT MARKET PRICES SETTLED AT 10207 RUPEES PER 100 KG

BUY TURMERIC APR @ 7200 SL 7120 TGT 7290-7350-7410.NCDEX