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NCDEX Pepper Tips
Pepper Apr ncdex: Broad bias is still in the positive side, but major upside movement is possible only above 42700, which may retest prices towards 43500 followed by 44000/44580 levels. Conversely, on the lower side, if prices cut the support at 40500, may see downside towards 40000 followed by 39580 levels in the near term.
NCDEX Jeera Tips
Jeera futures fell to a fresh contract low due to mounting supplies in the spot market amid expectations of higher production. NCDEX Jeera (Apr) contract is trading in a bearish pattern again. We expect continuation of prevailing weakness as long as prices stay below 12350 levels. Supports: 11750/11500.
We suggest that sell NCDEX Jeera (Apr) Below 11950, Target: 11700-11500, Stoploss- 12010.
NCDEX Chana Tips
NCDEX Chana (Apr) is trading in a consolidate pattern after getting a long bull session. Indian Chana futures closed down on increased supplies from the new season crop in spot markets. In the Delhi spot market, chana fell 106 rupees to 3,504 rupees per 100 kg.
We suggest to sell Chana (Apr) Below 3700, Target: 3650-3600, Stoploss- 3735.
