Friday, March 4, 2011

Commodity Tips--Pepper Futures Succumbs To Profit Booking

Commodity Tips
Pepper futures have once again succumbed to profit booking; the prices have been under pressure for last some time but jumped around 2% in the previous trading session lead by short covering amid strong fundamentals.

The contract for March delivery was trading at Rs 22648.00, down by 0.32% or Rs 73.00 from its previous closing of Rs 22768.00. The open interest of the contract stood at 8294 lots.

The contract for April delivery was trading at Rs 23015.00, down by 0.12% or Rs 27.00 from its previous closing of Rs 23079.00. The open interest of the contract stood at 4304 lots on NCDEX.

Followers