Technically market is under fresh buying as market has witnessed gain in open interest by 10.27% to settled at 15140 while prices up 48 rupee, now Turmeric is getting support at 9140 and below same could see a test of 9020 level, And resistance is now likely to be seen at 9360, a move above could see prices testing 9460.
Turmeric trading range for the day is 9020-9460.
Turmeric prices gained on rising North India demand amidst falling stocks and lack of good quality stocks in mandis.
Moreover, reports of lower sowing and water stress conditions in major turmeric growing state also supported the prices.
NCDEX accredited warehouses turmeric stocks dropped by 207 tonnes to 7341 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 9028.55 rupees gained 30.85 rupees.