Turmeric yesterday we have seen that market has moved 0.3% as supply constraints and robust domestic demand supported sentiment. Demand from domestic buyers is strong due to the ongoing festival season while arrivals in the market are lower. In Nizamabad, a major spot market in AP, the price ended at 13968.4 rupees gained by 277.95 rupees. Market has opened at 13390 & made a low of 13230 versus the day high of 13850. The total volume for the day was at 10700 lots and the open interest was at 8775.Support for turmeric is at 13197 below that could see a test of 12903. Resistance is now seen at 13817 above that could see a resistance of 14143.

Trading Ideas:

Turmeric trading range is 12903-14143.

Turmeric ended higher as supply constraints and robust domestic demand supported sentiment

Turmeric looks to have resistance at 13600 and support is at 13260.

Demand from domestic buyers is strong due to the ongoing festival season

In Nizamabad, a major spot market in AP, the price ended at 13968.4 rupees gained by 277.95 rupees.