Tuesday, August 9, 2011

NCDEX Agri Commodity Market Updates Today

Pepper futures have plunged further on the NCDEX, as demand fell moderately at the higher levels. Weak trend in the International markets too kept the sentiments weak as traders waited for the demand to pick up this week for some recovery. Guar seed futures have extended their fall on Tuesday as the turmoil in the US markets has raised concern about the export demand getting affected for Guargum. Traders are expecting some more corrections in the short term before the exports to pick up at the lower levels.

Turmeric futures may trade with bearish sentiments. 
Pepper futures may trade sideways. 
Cardamom futures may remain volatile. 
Chana futures may remain sideways. 
Guar futures may remain downside due to selling pressure from higher levels.

FREE NCDEX commodity trading tips on mobile by SMS, ncdex agri commodity trading tips, ncdex agri commodity market report & news