NCDEX Pepper Tips
Pepper futures prices are projected to continue the positive trend on lower levels buying on back of emergence of positive sentiments across the spot front. Reports of supply squeeze along with good pre monsoon showers are likely to create bullishness in pepper market. NCDEX Pepper is trading in bearish trend today and it has a strong resistance at 40323 and a major support at 39338. We suggest that it is a good time to sell pepper at higher levels for huge profit.
NCDEX Jeera Tips
Jeera futures prices are projected to recover from earlier losses supported by prevailing firm trend on good demand from local traders and exporters. However, if arrivals remain higher during the day then it might have negative impact on prices. A lower correction is anticipated towards 13250 levels for the day. NCDEX jeera is trading in consolidate manner and it has a strong resistance at 13640 and a major support at 13360. We suggest that it is a good time to buy jeera for huge profit.
NCDEX Chana Tips
It has trading in an upward sloping channel and within which it’s forming a triangular pattern. It’s currently in its wave IV of wave 3 up for which the minimum target is 4490. The support is pegged at 4190. Hence, the risk-reward ratio is quite favorable for the bulls. NCDEX Chana is trading in bull phase and it has a strong resistance at 4340 and a major support at 4228. We suggest that it is a good time to buy Chana at lower levels for huge profit.
