NCDEX Pepper Tips
Bullish outlook will prevail as long as prices stay above 39300 levels for the day. But for a major rally to restart, it has to break above 41000 towards a target of 41500 followed by 42000 levels. Conversely, any break of below 37800 may see downside correction in the near term.
NCDEX Pepper is trading in consolidate pattern. Now it has resistance level of 41223 and a support level of 39928. According to our research report pepper will trade between these levels. An intraday trader should Sell NCDEX pepper at higher.
NCDEX Jeera Tips
Jeera futures are projected to trade downward due to weakening in export demand. Meanwhile, the supply is expected to decline gradually as the arrival season is now coming to an end and may support the prices. A firm support is seen at 12500 levels, holds above the same may see a pullback rally.
NCDEX Jeera is trading in consolidate pattern. Now it has resistance level of 12854 and a support level of 12431. According to our research report jeera will trade between these levels. An intraday trader should Sell NCDEX jeera at higher levels.
NCDEX Chana Tips
Chana futures rose on Monday on bargain buying after a recent fall in prices, while firm spot market prices due to thin arrivals also aided buying In the Delhi spot market, Chana rose 65 rupees to 4,250 rupees per 100 kg. For today if prices are able to sustain above 4200 levels, then an upside momentum could see towards 4300 levels.
NCDEX chana is trading in consolidate pattern. Now it has resistance level of 4320 and a support level of 4210. According to our research report chana will trade between these levels. An intraday trader should Buy NCDEX chana at low.
