Turmeric yesterday we have seen that market has moved 1.24% on the anticipation of improved export and domestic demand in coming weeks. Further, even the reports of delayed arrivals of the new crop are supporting the prices of the commodity at the prevailing rates. Turmeric arrivals in Nizamabad mandi surged to 400 bags today from 200 bags and the arrivals in Erode surged 4,000 bags. In Nizamabad, a major spot market in AP, the price ended at 16895 rupees dropped by -100 rupees. Market has opened at 15030 & made a low of 14926 versus the day high of 15366. The total volume for the day was at 3990 lots and the open interest was at 4920.Support for turmeric is at 14962 below that could see a test of 14724. Resistance is now seen at 15402 above that could see a resistance of 15604.

Trading Ideas:

Turmeric trading range is 14730-15610.

Turmeric ended higher on the anticipation of improved demand

Turmeric is having resistance at 15380 and support at 15120 level.

NCDEX accredited warehouses turmeric stocks fell 30 tonnes to 2881 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 16895 rupees dropped by -100 rupees.