Pepper June ncdex: Inability to break and sustain above 38400 (22 day EMA) resistance could see range bound trading for the day. On the higher side, a break above 38600-38700 regions is required for a major rally to pick up targeting towards 39200 followed by 40000 in the near term. On the lower side, break of 37000 may witness a sharp correction towards 36100 levels in the immediate run.
NCDEX JUNE Sugar prices have taken support at primary trend-line and ended moderately higher on daily charts. A strong upside close by following a “spinning top” candle stick pattern is providing clear indications about the rally in sugar prices. Previous swing high 2976 would be initial target on higher side, on a convincing close above the same will extend the rally towards 61.8% Fibonacci projection of 3026 levels Prices are trading range bound and any break of 4440 may see an upside rally towards 4500/4600 levels.
Here are Technical Levels and free suggestions for NCDEX
| Commodity | Contract | S2 | S1 | R1 | R2 | Trend For The Day |
| Chana | June | 4290 | 4320 | 4385 | 4420 | Buy above 4368 |
| Soya Bean | June | 3250 | 3275 | 3347 | 3395 | Short Covering |
| RM Seed | June | 3750 | 3782 | 3845 | 3889 | Short Covering |
| Soya Oil | June | 720 | 723 | 732 | 735 | Buy above 727 |
| Cardamom | June | 1260 | 1280 | 1330 | 1350 | Sideways to Positive |
| Jeera | June | 13500 | 13700 | 14100 | 14250 | Buy above 14100 |
| Pepper | June | 37500 | 37800 | 38350 | 38750 | Consolidate |
