NCDEX Pepper Tips
A horizontal trend line support is seen at 39200, sustained trade above the same may see a recovery rally towards 40300 followed by 40700 levels. For resuming next bullish wave, it has to break and persist above the 41000 convincingly. On the other side, a break of 39000 levels could see prices correcting lower till 38000. We suggest a trading Range: 39000-40100 above this range market may turn bullish.
NCDEX Chana Tips
Total arrivals of chana crop declined to 1.15-1.2lakh bags while the average spot rates traded firmly & were quoted in the range of Rs. 44-44.5 per kg across major trading centers. Spot rates of mentha oil again declined. A mild booking may see towards 4210 before resuming the uptrend for the day. If prices sustain to trade below 4250 then a downside correction is anticipated towards 4200.
NCDEX Jeera Tips
Spot rates for new jeera crop were unchanged & offered in the range of Rs. 126-128 per kg while the old crop was sold around Rs. 121-122 per kg. A firm support is seen at 12500 levels, holds above the same may see a pullback rally.For today in Jeera traders should go for selling at higher levels strategy, if Jeera sustains below the level of 12656 we can see the level of 12580, and above 12754 it can touch the level of 12830.
NCDEX Agri Commodity Tips For Today:
NCDEX Jeera : Sell between 12700-12720, Target: 12580, Stoploss 12830.
NCDEX Chilli :Sell below 4775, Target:: 4753-4700, Stoploss: 4825.
NCDEX Turmeric : Sell below 3690, Target: 3618-3580, Stoploss: 3740.
NCDEX Dhaniya : Sell below 3670, Target: 3600, Stoploss: 3715.
NCDEX Chana : Sell below 4245, Target: 4197, Stoploss 4290.
NCDEX Maize : Sell at 1120/1122 Target: 1111-1100, Stoploss: 1133.
