Turmeric struck upper circuit on bargain-buying after they shed 4 percent in the previous day's trade. Turmeric looks to trade lower as arrivals are expected to peak this month. In Nizamabad turmeric spot prices rose by 171 rupees to 11695 rupees per 100 kg. Turmeric yesterday we have seen that market has moved 3.58%. Market has opened at 11250 & made a low of 11250 versus the day high of 11693.

The total volume for the day was at 5160 lots and the open interest was at 6210. Support for turmeric is at 11378 below that could see a test of 11093. Resistance is now seen at 11821 above that could see a resistance of 11979.

Trading Ideas:

Turmeric trading range is 11093-11979.

Turmeric ended higher on bargain-buying after they shed 4% in previous session

Resistance for turmeric is at 11740 and support is at 11580 level.

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

In Nizamabad turmeric spot prices rose by 171 rupees to 11695 rupees per 100 kg

BUY TMC APR ABV 11680 SL 11620 TGT 11750-11820-11880. NCDEX