Tuesday, April 17, 2012

NCDEX Live Tips and Trend For Today: 17th April '12

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NCDEX Pepper: Pepper May futures prices are expected to continue the down trend with usual volatility. According to sources, reports of closing down futures trading in pepper as was done in Guar are creating huge volatility in the prices. However, a recovery on lower level can be seen as market has fallen substantially in recent days. NCDEX Pepper also has a down trend. NCDEX pepper has resistance at 37148 and a major support at 36333. We suggest to sell ncdex pepper at high levels.

NCDEX Jeera: Jeera May futures prices are projected to extend the recovery on lower level buying during opening hours. However, overall trend still bearish amid subdued demand from stockiest, which might weigh on prices later in the day. According to trade sources, at present nobody is interested in bulk buying. NCDEX Jeera has a down trend today. NCDEX jeera has resistance at 11735 and a major support at 11375. We suggest to sell ncdex jeera at high levels.

NCDEX Chana: Total arrivals of chana crop increased to more than 3.5lakh bags, across major trading centers while spot rates stood around to `35-`36 per kg, as per market report. NCDEX Chana has a consolidate trend. NCDEX chana has resistance at 3657.5 and a major support at 3582. We suggest to sell ncdex chana at high levels.

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