Turmeric extended its gaining streak into a fourth straight session on lower-level buying spurred by depleting stocks, offsetting estimates of higher output and weak exports. In Nizamabad spot market price jumped 203 rupees to 10,249 rupees. Turmeric yesterday we have seen that market has moved 1.95%. Market has opened at 6850 & made a low of 6779 versus the day high of 7044. The total volume for the day was at 15660 lots and the open interest was at 21230.Support for turmeric is at 6825 below that could see a test of 6669. Resistance is now seen at 7090 above that could see a resistance of 7199.

Trading Ideas:

Turmeric trading range is 6700-7200.

Turmeric ended higher on lower-level buying spurred by depleting stocks

Resistance for turmeric is at 7090 and support 6825 level.

In Nizamabad spot market price jumped 203 rupees to 10,249 rupees

Yesterday we have seen that open interest has rose by 510 lots.

BUY TURMERIC APR @ 6800 SL 6740 TGT 6840-6900-6980.NCDEX