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NCDEX Chana Tips
The NCDEX May Chana contract on the National Commodity and Derivatives Exchange (NCDEX) fell 1.15 percent to 3,678 rupees per 100 kg. In the Delhi spot market Chana rose 12 rupees to 3,500 rupees per 100 kg. Now it has resistance level of 3613 and a support level of 3485. According to our research report chana will trade between these levels. An intraday trader should Sell NCDEX chana at higher.
We Suggest to Sell NCDEX Chana below 3585, Target: 3550-3510, Stoploss: 3630.
NCDEX Jeera Tips
Jeera futures ended steady as shortcovering after prices fell nearly 17 percent since the start of March offsetting rising supplies from the new crop. NCDEX Jeera is trading in a consolidate trend. Now it has resistance level of 12045 and a support level of 11875. According to our research report jeera will trade between these levels. An intraday trader should Sell NCDEX Jeera at higher.
We Suggest to Buy NCDEX Jeera above 11800, Target: 11950-12100, Stoploss: 11745.
NCDEX Pepper Tips
As we earlier suggested, short covering rally already ceased yesterday and prices now holds the crucial support of 37900. Break off of the same with considerable volume could continue the fall towards 37600 followed by 37300/36800 levels for the day. Now it has resistance level of 38993 and a support level of 37358. According to our research report pepper will trade between these levels. An intraday trader should Sell NCDEX pepper at higher.
We Suggest to Buy NCDEX pepper above 38175, Target: 38600-39100, Stoploss: 37670.
