Turmeric ended lower in volatile trade as traders fretted about rising arrivals, sluggish physical demand and estimates of higher output. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped by 97 rupees to 10,033 rupees. Anticipation that arrivals would increase in near term is also pressurising prices.

Turmeric yesterday we have seen that market has moved -0.03%. Market has opened at 6670 & made a low of 6602 versus the day high of 6940. The total volume for the day was at 28150 lots and the open interest was at 21100. Support for turmeric is at 6576 below that could see a test of 6420. Resistance is now seen at 6914 above that could see a resistance of 7096.

Trading Ideas:

Turmeric trading range is 6500-6900.

Turmeric ended steady as traders fretted about rising arrivals and sluggish physical demand

Resistance for turmeric is at 6810 and support is at 6640 level

Yesterday we have seen that volume has rose by 15040 lots to 28150.

In Nizamabad spot markets price dropped by 97 rupees to 10,033 rupees

WAIT IN TMC TO TAKE POSITION IMP SUPPORT IS AT 6660