Turmeric hits 4 percent lower circuit Saturday on rising arrivals, higher output hopes and weak exports offsetting low-level buying. Turmeric exports in December remained flat at 3,250 tonnes from 3,350 tonnes a year ago. In Nizamabad, a major spot market in Andhra Pradesh, the price jumped 104 rupees to 10,748 rupees. Turmeric yesterday we have seen that market has moved -3.99%. Market has opened at 7233 & made a low of 6946 versus the day high of 7233. The total volume for the day was at 13130 lots and the open interest was at 21130.Support for turmeric is at 6850 below that could see a test of 6755. Resistance is now seen at 7137 above that could see a resistance of 7329.

Trading Ideas:

Turmeric trading range is 6700-7150.

Turmeric hits 4% lower circuit Saturday on rising arrivals and higher output hopes

Turmeric is having support at 6850 whereas resistance is at 7060.

Turmeric exports in December remained flat at 3,250 tonnes

In Nizamabad spot market prices settled at 10,748 rupees

WEAK TODAY ALSO A BREAK BELOW 6900 LOOK TILL 6700 LEVEL.