Turmeric snapped a two-day losing streak on buying interest at lower levels, a trend that may continue in the next session. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 234 rupees to end at 14,422 rupees. Turmeric yesterday we have seen that market has moved 0.77%. Market has opened at 13700 & made a low of 13640 versus the day high of 14080. The total volume for the day was at 12480 lots and the open interest was at 10610.Support for turmeric is at 13708 below that could see a test of 13454. Resistance is now seen at 14148 above that could see a resistance of 14334.

Trading Ideas:

Turmeric trading range is 13454-14334.

Turmeric snapped a two-day losing streak on buying interest at lower levels

Turmeric looks to have resistance at 14020 and support is at 13880.

Yesterday we have seen that open interest rose by 40 and volume by 320

In Nizamabad spot prices fell 234 rupees and settled at 14422 rupees per 100 kg.

BUY TMC JUNE ABV 14020 SL 13950 TGT 14090-14145-14230.NCDEX