Turmeric extended its gaining streak into a sixth straight session on healthy physical demand amid depleting stockpiles. Higher production will soften prices. The market is waiting for arrivals from the new crop. Turmeric yesterday we have seen that market has moved 1.81%. Market has opened at 7395 & made a low of 7377 versus the day high of 7490.

The total volume for the day was at 10640 lots and the open interest was at 15170. Support for turmeric is at 7412 below that could see a test of 7338. Resistance is now seen at 7525 above that could see a resistance of 7564.

Trading Ideas:

Turmeric trading range is 7050-7800.

Turmeric extended its gaining streak on healthy physical demand amid depleting stockpiles

Now resist for Turmeric is at 7525 and support will be at 7412.

In Nizamabad prices rose settled at 10382.05 rupees per 100 kg

BUY TURMERIC APR @ 7350 SL 7240 TGT 7390-7465-7522.NCDEX