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Pepper Mar ncdex
Pepper prices slipped yesterday from a crucial support of 40200 to finally settle the day at 39750. At the same time a 45 day EMA support is visible at 39040. If prices are able to trade above the same, then we may see an upside movement towards 40000 followed by 40550/41000 levels for the day. However, the daily RSI oscillator triggered a fall from 72 to 62, implying further correction is impending towards the 37000 levels in the immediate run.
Refined soy oil Mar ncdex
Refined soy oil prices traded mildly negative before finally closing the day at 714.50 levels. A 22 day EMA support is seen at 710. However inability to break below the same may see prices trade higher to sideways for rest of the day. The bullish signals may be seen only a trade above 720 levels, which however is least anticipated. Conversely, on the lower side, a slippage past 709 may trigger for a sharp fall towards 703 levels in the immediate run.
We recommend you to buy Cardamom on dips and sell refined soy oil below Rs 709.
Here are some technical levels for NCDEX Commodities-
Commodity | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
Chilli (Mar) | 5910 | 5790 | 5642 | 5522 | 5374 | 5254 | 5106 |
Jeera (Mar) | 13691 | 13507 | 13228 | 13044 | 12766 | 12582 | 12303 |
Pepper (Mar) | 43128 | 42237 | 40993 | 40102 | 38858 | 37967 | 36723 |
Turmeric (Apr) | 4548 | 4496 | 4392 | 4340 | 4236 | 4186 | 4080 |
Cardamom (Mar) | 982 | 961 | 948 | 927 | 913 | 892 | 879 |
Soya bean (Mar) | 2868 | 2840 | 2807 | 2779 | 2746 | 2718 | 2685 |
CPO (Mar) | 570 | 566 | 562 | 558 | 553 | 549 | 545 |
RM seed (Apr) | 3743 | 3711 | 3668 | 3636 | 3593 | 3561 | 3518 |
Guar seed (Mar) | 24343 | 23557 | 23103 | 22317 | 21863 | 21077 | 20623 |
Guar gum (Mar) | 76967 | 74563 | 73007 | 70603 | 69047 | 66649 | 65087 |
Mentha Oil (Mar) | 2493 | 2431 | 2310 | 2249 | 2128 | 2066 | 1946 |
Chana (Mar) | 3706 | 3675 | 3625 | 3594 | 3544 | 3513 | 3463 |