Turmeric extended the previous session's losses on fresh arrivals, higher output hopes and a drop in November exports. Arrival pressure is building in the physical market.  Arrivals from new crop have started in few places in Andhra Pradesh. In Nizamabad spot market the price fell by 160 rupees to 10,616 rupees. Turmeric yesterday we have seen that market has moved -2.79%. Market has opened at 7553 & made a low of 7326 versus the day high of 7553. The total volume for the day was at 16730 lots and the open interest was at 17100.Support for turmeric is at 7283 below that could see a test of 7191. Resistance is now seen at 7510 above that could see a resistance of 7645.

Trading Ideas:

Turmeric trading range is 7100-7550.

Turmeric extended losses on fresh arrivals and higher output hopes

Arrivals from new crop have started in few places in Andhra Pradesh

In Nizamabad spot prices fell over 160 rupees to 10616 rupees per 100 kg

WAIT FOR FRESH ENTRY IMP SUPPORT IS AT 7240 AND ABV THIS LOOK TILL 7500 LEVEL