Commodity Trading Tips for Turmeric by KediaCommodity

Turmeric yesterday we have seen that market has moved 0.66% due to bargain-buying. Local demand is subdued but enquiries from Dubai and other countries are good. Turmeric arrivals in Nizamabad mandi decreased to 10,000 bags from 15,000 bags andarrivals in Erode Mandi stood steady at 30000 bags. In Nizamabad, a major spot market in AP, the price ended at 10363.35 rupees dropped by -141.4 rupees. Market has opened at 9602 & made a low of 9602 versus the day high of 9852. The total volume for the day was at 3625 lots and the open interest was at 6995.Support forturmeric is at 9607 below that could see a test of 9479. Resistance is now seen at 9857 above that could see a resistance of 9979.

Trading Ideas:

Turmeric trading range is 9479-9979.

Turmeric yesterday market moved up due to bargain-buying

Turmeric is having resistance at 9857 and support at 9607 level.

Turmeric arrivals in Nizamabad mandi decreased to 10,000 bags from 15,000 bags

In Nizamabad, a major spot market in AP, the price ended at 10363.35 rupees dropped by -141.4 rupees.

(Source: http://www.topnews.in/commodity-trading-tips-turmeric-kediacommodity-2319322)