Tuesday, September 20, 2011

NCDEX Agri Commodity Market Report & News

Turmeric futures may continue to trade bearish tracking weak sentiments prevailing at the spot markets. Pepper futures may continue to rule high taking advantage of squeeze in availability with a widening mismatch between demand and supply, paving the way for further rise in prices in the coming days. Chana futures may trade higher taking positive cues from lesser estimates of pulses production this season.

CHANA NCDEX OCT CLOSE PRICE 3678- Chana has resistance at 3695 which if breached can be seen approaching 3730.  Whereas support is at 3630-3580. Mixed to weak trade is expected today.

Guar Complex can higher for the day. 
Outlook for Chana is up for the day.
Outlook for Jeera is sideways to down for the day. 
Pepper futures to trade  higher for the day.

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