NCDEX Chana Tips and Trend Today: 13th April 2015
NCDEX Chana Apr. futures closed higher in the last trading session by 0.08% as market participants accumulated buy position due to increasing spot demand against restricted supplies in the spot market from new season crop. Unseasonal rain in March brought a heavy loss to crops of pulses. As per the Union Agriculture Ministry reports, around 11.2 lakh hectares of pulse crops damaged.
Chana futures expected to trade on mixed to positive note as arrival of new crop in domestic market are picking up slowly. Overall sentiments look positive for Chana in long term amid expected lower output and duty-free imports allowed till Sep 2015.
NCDEX Commodity Levels and Trend dated 13th April 2015
NCDEX Chana Apr. futures closed higher in the last trading session by 0.08% as market participants accumulated buy position due to increasing spot demand against restricted supplies in the spot market from new season crop. Unseasonal rain in March brought a heavy loss to crops of pulses. As per the Union Agriculture Ministry reports, around 11.2 lakh hectares of pulse crops damaged.
Chana futures expected to trade on mixed to positive note as arrival of new crop in domestic market are picking up slowly. Overall sentiments look positive for Chana in long term amid expected lower output and duty-free imports allowed till Sep 2015.
NCDEX Commodity Levels and Trend dated 13th April 2015
| Commodity | Exchange | Contract | Trend | S2 | S1 | LTP | R1 | R2 |
| Jeera | NCDEX | May | Up | 16600 | 16780 | 16895 | 17000 | 17130 |
| Turmeric | NCDEX | May | Up | 8200 | 8280 | 8364 | 8450 | 8530 |
| Coriander | NCDEX | May | Up | 9200 | 9320 | 9404 | 9460 | 9570 |
| Cardamom | MCX | May | Sideways | 845 | 860 | 871 | 890 | 905 |
| Soybean | NCDEX | Jun | Up | 3490 | 3530 | 3558 | 3590 | 3620 |
| Mustard Seed | NCDEX | May | Up | 3520 | 3545 | 3587 | 3600 | 3625 |
| Ref Soy Oil | NCDEX | Jun | Sideways | 560 | 565 | 570.55 | 575 | 580 |
| Ref | MCX | Apr | Sideways | 425 | 429 | 432.4 | 436 | 440 |
| Castor seed | NCDEX | May | Sideways | 3680 | 3730 | 3772 | 3810 | 3850 |
| Chana | NCDEX | May | Sideways | 3780 | 3820 | 3867 | 3890 | 3925 |
| Sugar | NCDEX | May | Up | 2425 | 2445 | 2466 | 2490 | 2510 |
| Kapas | NCDEX | Apr’15 | Sideways | 813 | 818 | 825 | 832 | 840 |
| Cotton | MCX | Apr | Sideways | 15600 | 15750 | 15850 | 16000 | 16250 |
| Cotton Oilseed Cake | NCDEX | May | Sideways | 1735 | 1750 | 1766 | 1780 | 1795 |
| Wheat | NCDEX | May | Sideways | 1435 | 1445 | 1456 | 1470 | 1485 |
| Maize Rabi | NCDEX | May | Up | 1145 | 1160 | 1173 | 1195 | 1205 |
| Barley | NCDEX | May | Up | 1130 | 1140 | 1163 | 1175 | 1195 |
| Mentha Oil | MCX | Apr | Up | 905 | 920 | 928 | 940 | 955 |
| Guar Gum | NCDEX | May | Up | 9750 | 9880 | 10000 | 10150 | 10300 |
| Guar Seed | NCDEX | May | Up | 4220 | 4300 | 4412 | 4480 | 4530 |
