Turmeric struck fresh contract highs on Friday on purchases by stockists, domestic demand and restricted arrivals. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 124 rupees to 14,537 rupees per 100 kg. Turmeric yesterday we have seen that market has moved 3.17%. Market has opened at 14157 & made a low of 14157 versus the day high of 14750. The total volume for the day was at 10470 lots and the open interest was at 9760. Support for turmeric is at 14335 below that could see a test of 13950. Resistance is now seen at 14928 above that could see a resistance of 15136.

Trading Ideas:

Turmeric trading range is 13950-15136.

Turmeric struck fresh contract highs on purchases by stockists and domestic demand

Turmeric looks to have resistance at 14790 and support is at 14640.

Arrival in Erode stood at 8,000-9,000 bags

In Nizamabad spot prices jumped 130 rupees to end at 14,543 rupees per 100 kg.

TURMERIC WAIT FOR FRESH ENTRY.