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NCDEX Chana Tips
Chana prices may remain firm during the early part of the current week on emergence of fresh buying. However, sharp upside may be capped and prices may decline towards the later part of the week on arrival pressure. Thus, sell on rallies is advisable from the.
We recommend that Sell NCDEX April Chana between 3655-3665, with a Stoploss of 3730, Target: 3500-3450.
NCDEX Pepper Tips
In ncdex pepper a crucial support is visible at 37300 regions; breaking off the same with volume would continue the downside momentum towards 36800 followed by 36300 levels for the day. Conversely, on the other side inability to do so may see short covering rally towards 38500 levels for the day.
We recommend that Sell NCDEX April Pepper below 41300, with a stoploss of 42500, Target: 39000-38020.
NCDEX Jeera Tips
Jeera April futures prices are projected to trade on negative note on cues from prevailing supply pressure. Sluggish demand from stockiest amid rising arrivals is likely to keep prices on lower note. However, a small recovery can be seen on short covering in near term. NCDEX jeera has a crucial resistance of 11837 and a strong support at 12400.
