Turmeric ended weak on profit-booking that emerged after prices rose 43 percent in March till Saturday's close. Rising arrivals in the physical market also weighed on prices. Overseas demand has not picked up but local demand is good. Arrivals have increased as farmers are getting remunerative prices for their produce. The Nizamabad spot market is shut on account of financial year ending. Turmeric yesterday we have seen that market has moved -1.86%. Market has opened at 10850 & made a low of 10555 versus the day high of 10980. The total volume for the day was at 5090 lots and the open interest was at 5600.Support for turmeric is at 10470 below that could see a test of 10300. Resistance is now seen at 10895 above that could see a resistance of 11150.

Trading Ideas:

Turmeric trading range is 10303-11153.

Turmeric ended weak on profit-booking that emerged after prices rose 43 percent in March

Resistance for turmeric is at 10570 and support is at 10710 level.

Yesterday we have seen that open interest fell by 180 and volume fell by 1930 lots.

The Nizamabad spot market remained shut on account of financial year ending.

TURMERIC WAIT TO TAKE POSITION LOOK TO HOLD SUPPORT AT 10480 LEVEL