Turmeric yesterday we have seen that market has moved -0.48% on heavy selling at higher levels. Weak demand at higher levels amid higher production estimation and sluggish export demand added bearish cues. Demand from the local stockiest is gradually improving ahead of festivals. In Nizamabad, a major spot market in AP, the price ended at 14676.2 rupees gained by 81.2 rupees. Market has opened at 14630 & made a low of 14500 versus the day high of 14730. The total volume for the day was at 5465 lots and the open interest was at 11335.Support for turmeric is at 14490 below that could see a test of 14380. Resistance is now seen at 14720 above that could see a resistance of 14840.

Trading Ideas:

Turmeric trading range is 14380-14840.

Turmeric ended weak on heavy selling at higher levels

Turmeric is having resistance at 14720 and support at 14490 level.

Demand from the local stockiest is gradually improving ahead of festivals.

In Nizamabad, a major spot market in AP, the price ended at 14676.2 rupees gained by 81.2 rupees.