Wednesday, June 20, 2012

NCDEX Updates (Tips and Trend) Today

NCDEX Chana Tips
Chana trading range for the day is 4075-4285. Support for Chana is at 4141 below that could see a test of 4075. Resistance is now seen at 4246 above that could see a resistance of 4285. In Delhi spot market, Chana jump up by 33.95 rupee to end at 4196.45 rupee per 100 kgs. The volume was noted at 97260 lots. Chana production in the current crop year, ending in June, is estimated at 7.4 million tonnes, lower than 8.22 million tonnes in the previous year.

NCDEX Jeera Tips
Jeera prices at NCDEX, April contract hit lower limit in today's trading session and continues down trend. It is trading in the range of 12252.50-12700 per quintal in today's trading session till now. Jeera Prices at NCDEX, April contract is having support at 12140 level and trading below that it likely to touch 11700 level. NCDEX Jeera is having resistance at 12800 level with a support level of 12250.

NCDEX Pepper Tips
Pepper futures (July) is likely to trade range bound with upside getting capped facing resistance near 41,000 levels. The downside is likely to remain capped 39,440 levels. Arrival from the primary markets continued to remain very thin as the farmers and the stockiest are not keen to sell.

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