fell as traders booked profit after prices rose nearly 4 percent in the previous sessions. Traders are booking profit at every rise as turmeric prices have surged significantly. In Nizamabad, a major spot market in Andhra Pradesh, the price fell 102.5 rupees to end at 15,218 rupees. Turmeric yesterday we have seen that market has moved -3.86%. Market has opened at 15387 & made a low of 14649 versus the day high of 15387. The total volume for the day was at 9210 lots and the open interest was at 9100.Support for turmeric is at 14417 below that could see a test of 14164. Resistance is now seen at 15155 above that could see a resistance of 15640.

Trading Ideas:

Turmeric trading range is 14164-15640.

Turmeric fell yesterday as traders booked profit

Turmeric looks to have resistance at 14760 and support is at 14580.

Yesterday we have seen that open interest rose by 940 and volume by 4430

In Nizamabad spot prices fell by 102.50 rupees and settled at 15218 rupees per 100 kg.

TMC BELOW 14800 LOOK TO HOLD SUPPORT AT 14480 LEVEL. WAIT FOR ENTRY