Turmeric yesterday we have seen that market has moved 1.72% on a decline in arrivals and some inquiries from overseas. Daily arrivals have come down to 300-400 bags (70 kg) in Nizamabad against 1,000 bags around 10 days back. In Nizamabad, a major spot market in Andhra Pradesh, the price slipped 10 rupees to end at 14,470 rupees. Market has opened at 14130 & made a low of 14052 versus the day high of 14400. The total volume for the day was at 4130 lots and the open interest was at 5345.Support for turmeric is at 14128 below that could see a test of 13916. Resistance is now seen at 14476 above that could see a resistance of 14612.

Trading Ideas:

Turmeric trading range is 13916-14612.

Turmeric ended higher on a decline in arrivals and some inquiries from overseas

Turmeric looks to have resistance at 14420 and support is at 14260.

Daily arrivals have come down to 300-400 bags in Nizamabad

SELL TURMERIC JULY BELOW 14000 SL 14080 TGT 13940-13825.NCDEX

In Nizamabad spot prices fell 10 rupees and settled at 14470 rupees per 100 kg.