Turmeric ended lower on extended profit-booking after rising 13 percent in the last 10 sessions. Traders are reluctant to buy at higher levels. Demand in spot market has also come down. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 153 rupees to end at 12,412 rupees. Turmeric yesterday we have seen that market has moved -3.47%. Market has opened at 12390 & made a low of 11930 versus the day high of 12469. The total volume for the day was at 13080 lots and the open interest was at 12250.Support for turmeric is at 11784 below that could see a test of 11588. Resistance is now seen at 12323 above that could see a resistance of 12666.

Trading Ideas:

Turmeric trading range is 11588-12666.

Turmeric ended lower on extended profit-booking

Demand in spot market has also come down which also weighing prices

Turmeric looks to have resistance at 12060 and support is at 11920.

TURMERIC WILL WAIT FOR FRESH POSITION RANGE AS BELOW 12000 LOOK TILL 11860 LEVEL.

In Nizamabad spot prices dropped 153 rupees to end at 12,412 rupees per 100 kg.