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NCDEX JEERA (MAR)
Jeera futures hit a fresh contract low tracking weak domestic spot prices where mounting supplies from the new season crop, and estimates of higher output, dampened demand. In the Unjha market in Gujarat, daily arrivals from the new season crop have risen to 12,000-15,000 of 60 kg each. The price fell 192.5 rupees to 13,870 rupees per 100 kg on Monday. It is trading in a bearish pattern with having a resistance of 13960 and a support level of 13050. We suggest you to Sell Jeera on higher Levels.
NCDEX CHANA (MAR)
Indian chana futures fell on higher arrivals in spot markets and on some profit-taking following the sharp rise in prices. The daily arrivals in Madhya Pradesh rose to 100,000 bags per day from less than 20,000 bags in previous week. In the Delhi spot market, chana fell 64 rupees to 3,561 rupees per 100 kg. It is trading in a Bullish pattern with having a resistance of 3790 and a support level of 3580. We suggest you to Buy Chana on lower Levels.
NCDEX PEPPER (MAR)
Indian pepper futures hit a fresh contract high on Monday, buoyed by slackening supplies as farmers held produce back due to a likely fall in output, and strong domestic demand. In Kochi, pepper jumped 1,926.5 rupees to 39,537 rupees per 100 kg. It is trading in a Consolidate pattern with having a resistance of 43200 and a support level of 40500. We suggest you to Buy Pepper on lower Levels.
