Tuesday, July 5, 2011

NCDEX AGRI COMMODITY REPORT TODAY

Pepper futures may remain sideways taking support at 27,000 levels. Spot prices remained steady on limited activities in the spot at Rs 26,300 and Rs 27,300 a quintal. Turmeric futures may remain downside facing resistance at 8000 levels. Cardamom futures may trade with some bearish sentiments. Because of the favourable weather conditions prevailing. Pepper futures are trading lower due to some profit booking after some recovery in prices in last session. Guar Seed futures are suffering profit booking after showing good up move in last two weeks.

The contract for Pepper July delivery was trading at Rs 27145.00, down by 0.35% or Rs 96.00 from its previous closing of Rs 27211.00. The open interest of the contract stood at 7640 lots. The contract for Pepper August delivery was trading flat at Rs 27520.00, up by 0.60% or Rs 167.00 from its previous closing of Rs 27630.00. The open interest of the contract stood at 3927 lots on NCDEX. 

The contract for Guar Seed July delivery was trading at Rs 3790.00, down by 0.24% or Rs 9.00 from its previous closing of Rs 3801.00. The open interest of the contract stood at 183400 lots. The contract for Guar Seed August delivery was trading at Rs 3837.00, down by 0.13% or Rs 5.00 from its previous closing of Rs 3848.00. The open interest of the contract stood at 76510 lots on NCDEX.

Followers