Turmeric ended lower in volatile trade as improving arrivals in physical market, weak export demand and an higher output estimate outweighed lower-level buying. In Nizamabad spot market the price dropped by 148 rupees to 10,297 rupees. Turmeric yesterday we have seen that market has moved -1.42%.

Market has opened at 7086 & made a low of 6985 versus the day high of 7155. The total volume for the day was at 14870 lots and the open interest was at 21020. Support for turmeric is at 6938 below that could see a test of 6877. Resistance is now seen at 7108 above that could see a resistance of 7217.

Trading Ideas:

Turmeric trading range is 6750-7250.

Turmeric ended lower due to improving arrivals in physical market

Resistance for turmeric is at 7105 level.

Turmeric is having support at 6930 below still looks till 6880-6840 level.

In Nizamabad spot markets price dropped by 148 rupees to 10,297 rupees

MARKET IS ON IMP LEVEL AT 7000 SOME BOUNCE TODAY WILL BE SEEN.