Turmeric on NCDEX settled up by 0.62% at 7196 because of better crop prospects and lack support apprehending further losses when new crop will pour in the market.

Turmeric growers brought only 3,600 bags for sale. Of this, 65 % were sold. Only good quality in the medium variety turmeric was sold. The finger variety decreased by Rs. 100 a quintal and the root variety by Rs. 150. The buyers procured good  number of root variety. At the Erode Turmeric Merchants Association, the finger turmeric traded at Rs. 7,355-8,656 a quintal; the root variety Rs. 7,199-7,855. In Nizamabad, a major spot market in AP, the price ended at 7483.3 rupees remains unchanged at0 rupees.

 For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at http://ripplesadvisory.com or call at 9303093093.

Technically market is under fresh buying as market has witnessed gain in open interest by 0.11% to settled at 8775 while prices up 44 rupee, now Turmeric is getting support at 7150 and below same could see a test of 7104 level, And resistance is now likely to be seen at 7226, a move above could see prices testing 7256.