Thursday, April 26, 2012

NCDEX Live Updates (Tips and Trend) For Today: 27th April '12

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NCDEX Pepper Tips
A pullback rally is in progress after taking the crucial support of 37400. For the day, we expect an initial upside till 39200 followed by a downside correction in the later session. At the same time, an unexpected rise above 39600 levels would be an early signal of the next bullish wave. It is trading in a down trend with having a resistance of 39267 and a support level of 37397. We suggest you to Sell pepper on higher Levels.

NCDEX Chana Tips
Chana futures rose on Wednesday, mirroring firmer prices in the spot market where consumer demand was driven by ongoing festive season Prices are expected to stay firm after farm ministry data showed on Tuesday. A stiff 22 day EMA resistance is placed at 3745. an inability to trade above the same may see a downside correction. NCDEX Chana is trading in a bull trend with having a resistance of 3738 and a support level of 3654. We suggest you to buy chana on lower levels.

NCDEX Jeera Tips
Jeera futures rose by almost two percent on Wednesday tracking firm spot prices where a decline in daily supplies attracted buying. Only a trade above 12500 with consistent volumes may lift the prices higher towards 12580 followed by 12750 levels. A strong support is seen at 11990 levels, breaks below the same with volume could see prices drifting lower towards 11800 levels. We suggest you to Sell jeera on higher Levels.

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