In NCDEX pepper as long as prices stay above 38600, we expect near term bullishness in the counter. Therefore, we favour a further rise in prices towards 41000 followed by 41500 levels, if prices are able to clear the crucial resistance of 40700. Otherwise, a mild profit booking may be seen in the counter towards 39500 levels in the immediate run.
Chana futures fell for a second session on Monday, weighed down by a sluggish physical market and lingering concerns about government intervention to curb rising food prices. Production of pulses in India is expected to fall by 5.3 percent to 17.28 million tons in the current crop year ending in June, according to the farm ministry. In the Delhi spot market, Chana fell 72 rupees to 4,177 Rs.
Here are Some Technical DATA For NCDEX
| Commodity | Intraday View | Technical Suggestion |
| DHANIYA June ncdex | Down | As long as 3800 ( the 13 day EMA resistance) caps the upside, then a major fall is expected towards 3600 levels |
| Chilli June ncdex | Up | If prices break above 5050 levels, then we expect to see a rise in prices towards 5120 levels. |
| Chana June ncdex | Down | If prices consistently trade below the 22 day EMA support at 4175 then near term weakness persists towards 4051 levels. |
| Soybean June ncdex | Down | If prices break below 3350 levels then expect to see a mild correction towards 3280 levels. |
| MENTHAOIL May mcx | Down | If prices are unable to trade above the 22 day EMA resistance at 1560, then deep correction may be expected towards 1410 levels. |
| KAPAS April 2013 ncdex | Down | If prices break the support of 975, we expect to see a lower correction towards 950 followed by 925 levels. |
| Turmeric June ncdex | Up | If there are consistent trades above 3950, then we may see an upside rally towards 4180 levels |
| JEERA June ncdex | Down | A lower correction is anticipated towards 13250 levels for the day. |
| Pepper June ncdex | Consolidate | As long as prices stay above 38600, we expect near term bullish in the counter. So, we favour a bull trend above 41200. |
