Turmeric yesterday we have seen that market has moved -0.65% as traders booked profits after prices rose more than 7 percent in as many sessions and on hopes of revival in monsoon, which may boost sowing. Domestic demand is not supportive. Higher prices are restricting buying. In Nizamabad spot market, turmeric fell 38 rupees to end at 15,047 rupees. Market has opened at 14614 & made a low of 14510 versus the day high of 14656. The total volume for the day was at 3085 lots and the open interest was at 6850.Support for turmeric is at 14521 below that could see a test of 14443. Resistance is now seen at 14667 above that could see a resistance of 14735.

Trading Ideas:

Turmeric trading range is 14443-14735.

Turmeric ended down as traders booked profits and on hopes of revival in monsoon

Turmeric looks to have resistance at 14670 and support is at 14520.

NCDEX accredited warehouses turmeric stocks rose by 20 tonnes to 2292 tonnes.

In Nizamabad spot prices dropped 38 rupees and settled 15047 rupees per 100 kg