Friday, March 30, 2012

Live NCDEX Commodity Tips For Today: 31st March '12

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NCDEX Chana Tips
Inability to sustain above 3647 may see a lower correction towards 3540 followed by 3510 levels. Chana futures closed nearly flat after reversing initial losses as fears of a decline in output in the current season outweighed arrival pressure. It has a consolidate trend today.
We suggest to Sell NCDEX Chana (Apr) below 3643, Target: 3600-3550, Stoploss: 3670.

NCDEX Jeera Tips
Jeera April futures prices are expected to trade slightly positive on extended recovery during early trading hours. However, overall trend is still weak which might limit sharp gains during the day. We expect to see a short covering rally towards 12500 levels for the day. It has a bearish trend today.
We suggest to Sell NCDEX Jeera (Apr) below 12245, Target: 12050-11900, Stoploss: 12280.

NCDEX Pepper Tips
Pepper Apr ncdex: After a major selloff happened yesterday, prices bounced back from the downside support of 39200 levels. If prices break and sustain above 41500 then a bullish momentum may reestablish in the counter, which could guide prices higher towards 43500/45100 levels. However, weakness is seen only below 40000 levels. It has a bull trend today.
We suggest to Buy NCDEX Pepper (Apr) above 40850, Target: 41200-41600, Stoploss: 40650.

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