NCDEX TURMERIC RISING DOMESTIC EXPORT DEMAND

• Turmeric trading range for the day is 7690-8154.
• Turmeric settled up by 3.58% at 7978 amid rising domestic as well as export demand.  Besides, tight stocks position in the physical market on restricted arrivals from producing belts too supported the upside.
• Technically market is under fresh buying as market has witnessed gain in open interest by 11.97% to settled at 19875 while prices up 276 rupee.
• Now Turmeric is getting support at 7834 and below same could see a test of 7690 level, and resistance is now likely to be seen at 8066, a move above could see prices testing 8154.