Pepper futures are suffering heavy profit booking on Tuesday. Vietnam Pepper Association has reported reaching total production output of 100,000-110,000 tonnes of pepper in 2010-2011 crops, equivalent to that of 2010.
The contract for Pepper June delivery was trading at Rs 29900.00, down by 1.30% or Rs 394.00 from its previous closing of Rs 30294.00. The open interest of the contract stood at 6074 lots. The contract for Pepper July delivery was trading at Rs 29715.00, down by 1.35% or Rs 406.00 from its previous closing of Rs 30121.00. The open interest of the contract stood at 5395 lots on NCDEX.
The contract for Pepper June delivery was trading at Rs 29900.00, down by 1.30% or Rs 394.00 from its previous closing of Rs 30294.00. The open interest of the contract stood at 6074 lots. The contract for Pepper July delivery was trading at Rs 29715.00, down by 1.35% or Rs 406.00 from its previous closing of Rs 30121.00. The open interest of the contract stood at 5395 lots on NCDEX.
Cardamom futures surge on the back of few more buying on account of confined selling by the cultivators at reduced levels on Tuesday. The MCX Cardamon July futures are presently trading at Rs.816.50 per Kg, increased by 1.23 % while combating the preceding close up. In the sooner session the contract traded at a number of Rs.796-819.40 per Kg.
GUARSEED (JUNE)
R1: 3315
R2: 3345
S1: 3250
S2: 3200
Trend: Consolidate
Strategy: Buy on Dips
