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Citing rising inflation, the government January 23, 2007, ie about 5 years ago had banned futures trading in tur and urad. After a ban on futures trading in sugar was. But later in the futures market, examining the role of inflation Abhijit Sen Committee report on the sugar futures trading has started well again.
Gram continues to boom in the meantime. NCDEX nearly 4 percent today, the price of grains has been bouncing. The turnover is over Rs 3,600. Gram in the spot market price has been bouncing around Rs 100.
Turmeric has been nearly 4 per cent. The Andhra Pradesh government has given turmeric a steady decline in the open market by nearly 25,000 tons from the central government has sought permission to buy turmeric. State government supports the move is to get the price of turmeric.
NCDEX Trend
NCDEX Guarseed Mar contract is looking bullish for its intraday trading session. Now it has a resistance of Rs. 13900 and a support level of Rs. 13180. We suggest that an intraday trader should buy Guarseed at its decline to get high profit.
NCDEX chana is again trading in consolidate pattern. Now it has resistance level of 3495 and a support level of 3310. According to our research report chana will trade between these levels. An intraday trader should Sell NCDEX chana at higher price.
