Turmeric plunges on arrival pressure

Turmeric yesterday we have seen that market has moved -0.16% on arrival pressures, though demand at lower levels arrested the fall.
Turmeric arrivals in the benchmark Nizamabad mandi stood steady at 7,000 bags and the arrivals at Erode in the state of Tamil Nadu were at 22,000 bags.
In Nizamabad, a major spot market in AP, the price ended at 9147.6 rupees dropped by -152.4 rupees. Market has opened at 8810 & made a low of 8742 versus the day high of 8920.
The total volume for the day was at 2320 lots and the open interest was at 14850.Support for turmeric is at 8745 below that could see a test of 8655. Resistance is now seen at 8923 above that could see a resistance of 9011.
Trading Ideas:
Turmeric trading range is 8650-9006.
Turmeric dropped on arrival pressures, though demand at lower levels limited the fall
Turmeric is having resistance at 8923 and support at 8745 level.
Turmeric arrivals in Nizamabad mandi stood steady at 7,000 bags and the arrivals at Erode were at 22,000 bags.
In Nizamabad, a major spot market in AP, the price ended at 9147.6 rupees dropped by -152.4 rupees.
Courtesy: Kedia Commodities

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Turmeric-plunges-on-arrival-pressure-12652.html)