Turmeric ended higher on fresh buying driven by encouraging domestic demand and depleting stocks. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 256 rupees to end at 11,638 rupees. The price has risen more than 10 percent in the last four sessions till Monday. Turmeric yesterday we have seen that market has moved 2.31%. Market has opened at 10881 & made a low of 10881 versus the day high of 11548. The total volume for the day was at 23170 lots and the open interest was at 8930.Support for turmeric is at 10978 below that could see a test of 10596. Resistance is now seen at 11645 above that could see a resistance of 11930.

Trading Ideas:

Turmeric trading range is 10595-11929.

Turmeric ended higher on fresh buying driven by encouraging domestic demand

Resistance for turmeric is at 11430 and support is at 11280 level.

Yesterday we have seen that open interest fell by 910 and volume fell by 6650 lots.

In spot prices fell by 256 rupees to end at 11,638 rupees per 100 kg

TURMERIC A BREAK BELOW 11200 LOOK TO HOLD SUPPORT AT 10980 LEVEL.