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NCDEX Jeera Tips
We expect to see a short covering rally towards 12500 levels for the day. It has a bearish session today We suggest to Sell Jeera (Apr) below 12000, For Target of 11900-11800, Stoploss: 12090.
NCDEX Chana Tips
Chana futures shed more than 2 percent as new crop arrivals picked up. Arrivals of Chana in Madhya Pradesh and Rajasthan, the top two producing states, are likely to reach peak levels next week. It has a consolidate trend today.
We suggest to Sell Chana (Apr) at 3642, For Target of 3600-3550, Stoploss: 3670.
NCDEX Pepper Tips
NCDEX Pepper has a bullish session today. Pepper futures dropped as high prices in the spot market dented export and domestic demand. In the Kochi spot market in Kerala, pepper fell 573 rupees to 40,206 rupees per 100 kg. Industry officials estimate 43,000-45,000 tons of local pepper output in 2012, compared with 49,000 tons last year.
