NCDEX Pepper Tips
NCDEX Pepper futures fell as high domestic prices kept export demand at bay. Industry officials estimate 43,000-45,000 tons of local pepper output in 2012, compared with 49,000 tons last year. At Kochi, spot pepper was up 43 rupees to 39,575 rupees. Pepper futures prices are projected to trade on mixed to volatile note on back of prevailing speculative activities.
NCDEX Jeera Tips
NCDEX Jeera futures gained on shrinking supplies. In Unjha, a key market in the western state of Gujarat, the spot price fell 18.5 rupees to 13,444 rupees. Arrivals at Unjha fell to around 10,000-12,000 bags of 60 kg each from 15,000-17,000 bags daily at the start of this month. A firm support is seen at 12500 levels, holds above the same may see a pullback rally.
NCDEX Chana Tips
NCDEX Chana futures rose for a third consecutive session on Tuesday on thin domestic supplies. 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 rose 114 rupees to 4,364. If prices are able to sustain above 4265 levels, then an upside momentum could see towards 4400 levels.
Free NCDEX Tips For Today
Commodity | Strategy | Levels | Target 1 | Target 2 | Stop-Loss |
Chilli (Jun) | Hold Buy | 4830-4840 | 4900 | 4950 | 4795 |
Jeera (Jun) | Buy Above | 12830 | 12980 | 13130 | 12720 |
Turmeric (Jun) | Buy Above | 3760 | 3790 | 3420 | 3730 |
COCUDAKL (Jun) | Buy Above | 1150 | 1175 | 1200 | 1130 |
Chana (Jun) | Sell Below | 4265 | 4230 | 4190 | 4290 |
Cardamom (Jun) | Buy Above | 1355 | 1375 | 1400 | 1340 |
Soya bean (Jun) | Buy Above | 3360 | 3390 | 3420 | 3340 |
Soya oil (Jun) | Buy Above | 735.5 | 738 | 741 | 734.8 |
Mustard seed (Jun) | Buy At 3750 | -- | 3775 | 3800 | 3735 |