Turmeric futures are expected to trade in positive note for the day. Profit booking for recent sharp gains may result in downward trade initially during the day. However, fall is expected to be limited on the overall bullishness in the market.
Good buying activities at the spot market amid normal supplies and good export demand may support turmeric prices.
Turmeric future are expected to trade edged up due to stocks and lower demand from the industrial buyers and profit booking.
However, we expect fresh buying from lower levels may support prices to trade higher. Meanwhile, prevailing lower prices in market, there are concerns that farmers may shift towards other crops for better returns.
Turmeric trading range for the day is 5120-5552. you can Buy TMC for intraday.