Turmeric on Saturday ended down on heavy profit booking after rising on Friday on fresh buying after falling two days in a row and on firm demand from the domestic market. In Nizamabad, a major spot market in Andhra Pradesh, the price ended at 11,293 rupees per 100 kg. Turmeric yesterday we have seen that market has moved -3.79%. Market has opened at 11080 & made a low of 10820 versus the day high of 11200. The total volume for the day was at 7020 lots and the open interest was at 5780.Support for turmeric is at 10708 below that could see a test of 10574. Resistance is now seen at 11088 above that could see a resistance of 11334.

Trading Ideas:

Turmeric trading range is 10574-11334.

Turmeric on Saturday ended down on heavy profit booking

Resistance for turmeric is at 10960 and support is at 10780 level.

Yesterday we have seen that open interest fell by 770 and volume rose by 4380 lots.

In Nizamabad spot prices Saturday ended at 11293 rupees per 100 kg.

BUY TMC APR ABV 10960 SL 10910 TGT 11022-11060-11120.NCDEX