Turmeric yesterday we have seen that market has moved 0.09% on bargain buying triggered after prices fell nearly 6 percent in the last 3 sessions, supported by firm local demand. Dwindling stocks and spot demand is supporting the up move in turmeric. Firm spot prices also supported the sentiment as price jumped 252 rupees to 14,674 rupees per 100 kg. Market has opened at 14040 & made a low of 13816 versus the day high of 14382. The total volume for the day was at 14820 lots and the open interest was at 12460.Support for turmeric is at 13749 below that could see a test of 13500. Resistance is now seen at 14315 above that could see a resistance of 14632.

Trading Ideas:

Trading Ideas:

Turmeric trading range is 13500-14632.

Turmeric yesterday ended firm as bargain buying triggered after prices fell

Turmeric looks to have resistance at 14080 and support is at 13920.

Yesterday we have seen that open interest rose by 1850 and volume by 2340

TMC JUMP NOW SOME PULL BACK CAN BE SEEN TODAY TILL 13750 LEVEL OVERALL LOOKING FIRM.

In Nizamabad spot prices rose 252 rupees and settled at 14674 rupees per 100 kg.