NCDEX Pepper Tips:
Pepper futures prices are projected to continue the down trend on prevailing weak sentiments across the spot markets. A major support is visible at 38000 regions. If prices holds at that level, then we could see pullback rallies to 39300 levels. Unexpected rise above 39850 is needed for the next bullish wave to re emerge in the counter. However, on the lower side, if prices puncture the support of 37600 levels then a lower correction is anticipated towards 37000 levels in the immediate run.
NCDEX Jeera Tips:
Jeera futures prices are projected to trade on slightly lower note on cues from lack of active buying interest in market. As long as 13250 caps upside, the current momentum looks weak for the day. But, it has to clear the downside support of 12700 for the bearish momentum to continue towards 12500 followed by 12400/12200 levels. However, if prices could not puntures the support then may see a pullback rally towards 13000 levels for the day.
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