Wednesday, June 15, 2011

NCDEX Agri Commodity (Pepper, Guar Seed) news & Trading Tips

Pepper futures have bounced back after witnessing a sharp fall in previous session on profit booking at the higher levels. Traders were waiting for some correction and that has led to buying in the commodity for the day. Guar Seed futures are trading marginally higher on the back of some buying interest at the lower levels. The commodity prices have been under pressure due to weakness in other agri commodities on favorable monsoon progress reports.

The contract for Pepper June delivery was trading at Rs 29655.00, up by 0.66% or Rs 195.00 from its previous closing of Rs 29460.00. The open interest of the contract stood at 5161 lots. The contract for Pepper July delivery was trading at Rs 29268.00, up by 0.16% or Rs 46.00 from its previous closing of Rs 29222.00. The open interest of the contract stood at 4913 lots on NCDEX.

The contract for Guar Seed June delivery was trading at Rs 3255.00, up by 0.06% or Rs 2.00 from its previous closing of Rs 3253.00. The open interest of the contract stood at 35480 lots. The contract for Guar Seed July delivery was trading at Rs 3323.00, up by 0.15% or Rs 5.00 from its previous closing of Rs 3318.00. The open interest of the contract stood at 187130 lots on NCDEX.

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