Wednesday, July 20, 2011

NCDEX Agri Commodity Market News & Trading Tips

Refined soy oil July NCDEX:-
Refined soy oil traded higher, later it closed the day at 664.70 levels. A major support is seen at 660-662 range.

Guarseed Aug NCDEX:- 
Guar seed futures are trading marginally higher as good export demand. An unexpected rise above 4720 may continue the bullishness till 4200/4280 levels later.

Pepper Aug NCDEX:-
Pepper futures are trading higher on the NCDEX supported by short covering. Pepper prices have been trading in a range of 28,850-27,900 regions. Breakout of the support is towards 27,500/27,100 levels. 

The contract of Pepper for July delivery was trading at Rs 27420.00, up by 0.81% or Rs 220.00 from its previous closing of Rs 27200.00. The open interest of the contract stood at 1678 lots.

The contract of Guar Seed for July delivery was trading at Rs 4135.00, up by 0.34% or Rs 14.00 from its previous closing of Rs 4121.00. The open interest of the contract stood at 7790 lots.

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