Turmeric hit the upper circuit on tracking the spot market, where prices were holding ground despite rising arrivals. In Nizamabad, a major spot market in Andhra Pradesh, the price slipped 6 rupees to end at 9,156 rupees, after gaining over 500 rupees in the past four sessions. Turmeric yesterday we have seen that market has moved 4.01%. Market has opened at 8842 & made a low of 8803 versus the day high of 9183.

The total volume for the day was at 31770 lots and the open interest was at 21950.Support for turmeric is at 8930 below that could see a test of 8676. Resistance is now seen at 9310 above that could see a resistance of 9436.

Trading Ideas:

Turmeric trading range is 8676-9436.

Turmeric ended higher tracking the spot market, prices were holding despite rising arrivals

Resistance for turmeric is at 9240 and support is at 9120 level.

Yesterday we have seen that open interest at 22190 and volume at 55230 lots.

BUY TURMERIC APR ABV 9220 SL 9170 TGT 9250-9280-9330.NCDEX (LOW QTY)

In Nizamabad spot prices fells by 6 rupees and ended at 9156 rupees.