Commodity Outlook for Turmeric by KediaCommodity

Turmeric yesterday we have seen that market has moved 0.13% buoyed by firm demand and low stocks at the spot market. However, increase in area under spices, capped gains. Market has opened at 14500 & made a low of 14352 versus the day high of 14500. The total volume for the day was at 1625 lots and the open interest was at 8010.Support for turmeric is at 14341 below that could see a test of 14273. Resistance is now seen at 14489 above that could see a resistance of 14569.
Trading Ideas:

Turmeric trading range is 14273-14569.

Turmeric ended positive buoyed by firm demand and low stocks

Turmeric looks to have resistance at 14490 and support is at 14340.

Yesterday we have seen open interest rose by 5 and volume fell by 1285 lots

In Nizamabad turmeric spot prices settled at 15094 rupees per 100 kg