Turmeric yesterday we have seen that market has moved -2.81% on estimates of bumper crop as farmers expanded area under the spice and on lacklustre export demand. Prices may get some boost only if export demand picks up, which is currently subdued.  In Nizamabad, a major spot market in AP, the price ended at 13488.9 rupees gained by 3.9 rupees. Market has opened at 12210 & made a low of 11752 versus the day high of 12350. The total volume for the day was at 4990 lots and the open interest was at 7345.Support for turmeric is at 11618 below that could see a test of 11386. Resistance is now seen at 12216 above that could see a resistance of 12582.

Trading Ideas:

Turmeric trading range is 11386-12582.

Turmeric ended lower on estimates of bumper crop

Turmeric looks to have resistance at 12000 and support is at 11720.

Prices may get some boost only if export demand picks up

In Nizamabad, a major spot market in AP, the price ended at 13488.9 rupees gained by 3.9 rupees.