Turmeric yesterday we have seen that market has moved 4.01% led by fresh buying amid lower stocks. Going ahead, demand from the local stockiest and overseas buyers is expected to improve ahead of winter season. Also demand for the commodity increases during the wedding season. Turmeric arrivals in Nizamabad were at 400 bags and the arrivals in the Erode in the state of Tamil Nadu were around 10,000 bags. In Nizamabad, a major spot market in AP, the price ended at 15594.75 rupees gained by 54.75 rupees. Market has opened at 13300 & made a low of 13300 versus the day high of 13792. The total volume for the day was at 4200 lots and the open interest was at 4565.Support for turmeric is at 13464 below that could see a test of 13136. Resistance is now seen at 13956 above that could see a resistance of 14120.

Trading Ideas:

Turmeric trading range is 13097-14081.

Turmeric ended higher led by fresh buying amid lower stocks

Turmeric is having resistance at 13900 and support at 13650 level.

Turmeric arrivals in Nizamabad were at 400 bags and in Erode were around 10,000 bags

In Nizamabad, a major spot market in AP, the price ended at 15594.75 rupees gained by 54.75 rupees.