NCDEX Pepper Tips
Pepper market is expected to be volatile due to the measures taken by the exchange to curb speculation. NCDEX has introduced staggered delivery mechanism for compulsory delivery contracts for various farm commodities including pepper. Spot rates of pepper garbled increased to Rs. 388 per kg and that of un-garbled was up at Rs. 373 per kg.
For today in NCDEX Pepper one should go for buy on lower levels strategy. If it touch the level of 37837 then we can see the level of 37513 and on the upside if it sustains above the level of 38413 we can see pepper at 38738.
NCDEX Jeera Tips
Jeera futures are expected to extend its uptrend tracking the rise in spot price amid good demand from exporters. Exports from India have risen as the output from Syria and Turkey is expected to decline. Arrivals of jeera increased to around 25,000 bags and the same were traded at auctions held at Unjha market.
For today in NCDEX Jeera one should go for buy on lower levels strategy. If it touch the level of 12982 then we can see the level of 12844 and on the upside if it sustains above the level of 13228 we can see pepper at 13366.
NCDEX Chana Tips
Chana futures struck a contract high on Thursday, climbing for a third consecutive session, as supplies failed to keep pace with robust wedding season demand in the spot market. Arrivals of chickpea, or Chana, from the new crop are on the decline with the peak harvests having been completed in March. Chana rose 135 rupees to 4,135 rupees per 100 kg in the Delhi spot market. Chana ended higher by 1.68%. Kapas ended higher by 2.43.
For today in NCDEX Chana one should go for buy on lower levels strategy. If it touch the level of 4024 then we can see the level of 3990 and on the upside if it sustains above the level of 4075 we can see Chana at 4110.
