Turmeric ended weak on higher output and expected profit-taking after prices rose about 44 percent from the beginning of March on robust demand. India's turmeric production is likely to rise 9.41 percent to 4.65 million bags as farmers lured by higher prices increased acreage. Export and domestic demand has been supportive for rise in turmeric prices. Turmeric yesterday we have seen that market has moved -2.45%. Market has opened at 11582 & made a low of 11112 versus the day high of 11850. The total volume for the day was at 10500 lots and the open interest was at 6150.Support for turmeric is at 10935 below that could see a test of 10654. Resistance is now seen at 11673 above that could see a resistance of 12130.

Trading Ideas:

Turmeric trading range is 10654-12130.

Turmeric ended weak on higher output and expected profit-taking

Resistance for turmeric is at 11290 and support is at 11130 level.

India's turmeric production is likely to rise 9.41 percent to 4.65 million bags

In Nizamabad turmeric spot prices were ended at 11524.60 rupees per 100 kg

SELL TMC APR BELOW 11180 SL 11240 TGT 11135-11080.NCDEX