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NCDEX Chana Tips
Arrivals of chana is reported steady around 2.8-3 lakh bags across major trading centers while spot rates traded firmly, supported by strong domestic demand. Futures too were up, tracking cues from spot market. NCDEX chana is again trading in consolidate pattern. Now it has resistance level of 3644.5 and a support level of 3565.5. 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 3600, Target: 3550-3500, Stoploss: 3630.
NCDEX Jeera Tips
Spot market for jeera at Unjha was closed yesterday, due to account closure for financial year ending 2011-12. NCDEX Jeera is trading in a down trend. Now it has resistance level of 12015 and a support level of 11815. According to our research report jeera will trade between these levels. An intraday trader should Sell NCDEX Jeera at higher.
We Suggest to Sell NCDEX Jeera below 11900, Target: 11750-11600, Stoploss: 12010.
NCDEX Pepper Tips
Spot rates of pepper garbled were unchanged at Rs 385 per kg and that of un-garbled was steady at Rs. 370 per kg. Arrivals increased to 20 tons whiletrades too were up at 40 tons at Kochi market. NCDEX Pepper is trading in a consolidate trend. Now it has resistance level of 40018 and a support level of 38563. According to our research report pepper will trade between these levels. An intraday trader should Sell NCDEX pepper at higher.
We Suggest to Sell NCDEX pepper below 39250, Target: 38800-38200, Stoploss: 39570.
