Turmeric ended lower on profit-taking after rising over 41 percent in the month of March. The Nizamabad spot market is shut till April 4 on account of financial year ending. Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March. The peak season runs till June. Turmeric yesterday we have seen that market has moved -0.64%. Market has opened at 10652 & made a low of 10440 versus the day high of 10840. The total volume for the day was at 9030 lots and the open interest was at 5890.Support for turmeric is at 10400 below that could see a test of 10220. Resistance is now seen at 10800 above that could see a resistance of 11020.

Trading Ideas:

Turmeric trading range is 10220-11020.

Turmeric ended lower on profit-taking after rising over 41% in March

Resistance for turmeric is at 10510 and support is at 10660 level.

Yesterday we have seen that open interest fell by 180 and volume fell by 1930 lots.

Spread between Turmeric APR & MAY contracts traded in the range of -165 to -30.

TMC ABV 10450 LOOK TO TRADE IN THE RANGE 10450-650.