Thursday, April 19, 2012

NCDEX Updates (Live Tips and Trend) For Today: 20th April '12

NCDEX, NCDEX Live, NCDEX Tips, NCDEX Trend, NCDEX Chana, NCDEX Jeera, Free NCDEX tips, NCDEX soyabean, Guarseed, free commodity tips, agri trading tips, commodity intraday tips

NCDEX Pepper Tips
Pepper May futures prices are expected to witness huge volatility with biased towards down side. According to sources, exporters who want delivery on April expiry are creating down side pressure on prices. NCDEX Pepper is trading in bearish trend and it has a strong resistance at 37895 and a major support at 37005. We suggest sell ncdex pepper for intraday trading for today.

NCDEX Jeera Tips
Jeera May futures prices are projected to witness huge volatility amid mixed spot market activity. According to traders, many exporters are taking delivery on April expiry which is creating positiveness in market. A break of 12000 levels with volume is needed for the continuation of the fall towards 11850 followed by 11750 levels. NCDEX Jeera is trading in a down trend and it has a strong resistance at 11918 and a major support at 11733. We suggest sell ncdex jeera for intraday trading.

NCDEX Chana Tips
Chana futures extended losses for a third session on Wednesday. The commodities market regulator is investigating excessive speculation in futures trading in seven farm commodities, including chickpea, rapeseed and soybean, and the consumer affairs ministry is set to submit a report next week. NCDEX chana is trading in a consolidate manner and it has a strong resistance at 3620 and a major support at 3504. We suggest to sell ncdex chana at high levels.

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