Turmeric ended steady after trading higher on low-level buying prompted by dwindling stocks, but rising arrivals and weak exports capped gains. In Nizamabad, a major spot market in Andhra Pradesh, the price slumped 212 rupees to end at 9,226 rupees. Turmeric arrivals usually start in mid-January in small quantities, gain momentum from March and continues through June. Turmeric yesterday we have seen that market has moved -0.05%. Market has opened at 7505 & made a low of 7405 versus the day high of 7525. The total volume for the day was at 16600 lots and the open interest was at 25840.Support for turmeric is at 7413 below that could see a test of 7349. Resistance is now seen at 7533 above that could see a resistance of 7589.

Trading Ideas:

Turmeric trading range is 7349-7589.

Turmeric ended steady after trading higher on low-level buying prompted by dwindling stocks

Turmeric arrivals usually start in mid-January and likely to gain momentum from March

Turmeric is having support at 7413 whereas resistance is at 7533.

Spot turmeric prices fell over 212 rupees to 9226 rupees per 100 kg

SELL TMC APRIL BELOW 7380 SL 7434 TGT 7326-7290-7265.NCDEX