Turmeric yesterday traded with the negative node and settled -1.34% down at 8390 amidst increased arrival pressure and low demand as profit booking at higher level took the sentiments down.Trend likely to remain volatile as traders expect rates have fallen to significantly low levels and expect demand to pick up in coming weeks.Stockists are not interested in bulk buying because they expect prices to come down further ahead of higher estimated production, turmeric production for this year has been estimated higher because of increase in the cultivation area. In yesterday's trading session Turmeric has touched the low of 8352 after opening at 8460, and finally settled at 8390. For today's session market is looking to take support at 8306, a break below could see a test of 8223 and where as resistance is now likely to be seen at 8518, a move above could see prices testing 8647.

Trading Ideas:

Turmeric trading range is 8225-8649.

Turmeric closed lower as higher spot supplies kept buyers away from the market

Turmeric is having resistance at 8521 and support at 8309 level.

Turmeric production for this year has been estimated higher because of increase in the cultivation area.

In Nizamabad, a major spot market in AP, the price ended at 9066.65 rupees dropped by -106.05 rupees.