Turmeric yesterday we have seen that market has moved -1.18% due to heavy arrival as the wholesale turmeric market received more than 23,000 bags of turmeric for sale, which is stated to be the highest arrival in the century-old market, leading to the fall in the prices amidst sluggish demand. Turmeric arrivals in Nizamabad mandi jumped to 7,000 bags from 5,000 bags and arrivals in Erode were steady at 25,000 bags. In Nizamabad, a major spot market in AP, the price ended at 11556.25 rupees dropped by -200.25 rupees. Market has opened at 10304 & made a low of 10302 versus the day high of 10600. The total volume for the day was at 4925 lots and the open interest was at 7635.Support for turmeric is at 10232 below that could see a test of 10118. Resistance is now seen at 10530 above that could see a resistance of 10714.

Trading Ideas:

Turmeric trading range is 10123-10719.

Turmeric yesterday ended lower due to heavy arrival

Turmeric is having resistance at 10530 and support at 10232 level.

Turmeric arrivals in Nizamabad mandi jumped to 7,000 bags and arrivals in Erode were steady at 25,000 bags

In Nizamabad, a major spot market in AP, the price ended at 11556.25 rupees dropped by -200.25 rupees.