Turmeric yesterday we have seen that market has moved 0.58% on poor stocks and squeezed supply in the market as farmers held back their produce on hopes of higher prices. In Nizamabad, a major spot market in Andhra Pradesh, the price settled at 14813 rupees per 100 kg.

Market has opened at 14525 & made a low of 14425 versus the day high of 14820. The total volume for the day was at 4010 lots and the open interest was at 3490. Support for turmeric is at 14431 below that could see a test of
14231. Resistance is now seen at 14826 above that could see a resistance of 15021.

Trading Ideas:

Turmeric trading range is 14231-15021.

Turmeric moved positive on poor stocks and squeezed supply in the market

Turmeric looks to have resistance at 14690 and support is at 14540.

Yesterday we have seen that open interest fell by 410 and volume rose by 100

In Nizamabad spot prices settled at 14813 rupees per 100 kg.

TMC LOOK TO TEST SUPPORT AT 14650 LEVEL, BUYING IS EXPECTED ON SUPPORT.