Turmeric ended positive Saturday as short covering by the traders. In Nizamabad, a major spot market in Andhra Pradesh, the prices settled to 12,488 rupees per 100 kg. Turmeric exports in February 2010 stood at 2,500 tonnes, down 19 percent from a year ago. Turmeric yesterday we have seen that market has moved 0.71%. Market has opened at 12451 & made a low of 12395 versus the day high of 12638. The total volume for the day was at 6850 lots and the open interest was at 12350.Support for turmeric is at 12417 below that could see a test of 12285. Resistance is now seen at 12660 above that could see a resistance of 12771.

Trading Ideas:

Turmeric trading range is 12285-12771.

Turmeric ended positive Saturday as short covering by the traders

Turmeric looks to have resistance at 12660 and support is at 12420.

Turmeric exports in February 2010 stood at 2,500 tonnes

In Nizamabad spot pries settled at 12488 rupees per 100kg.

TURMERIC PROFIT BOOKING IS DUE A BREAK BELOW 12480 LOOK TILL 12350 LEVEL.