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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NCDEX Agri Commodity Market Updates | NCDEX Tips

Guar Seed futures are trading marginally higher as the heavy rainfall activities are reportedly affecting the growth of the sown crop. The rates had fallen a lot in last few sessions and that has supported the prices with short covering at lower levels.

The contract of Guar Seed for September delivery was trading at Rs 4,401.00, up by 0.07% or Rs 3.00 from its previous closing of Rs 4,398.00. The open interest of the contract stood at 116310 lots. The contract of Guar Seed for October delivery was trading at Rs 4,392.00, up by 0.05% or Rs 2.00 from its previous closing of Rs 4,390.00. The open interest of the contract stood at 113530 lots on NCDEX.

Chana futures have extended their somber run on Thursday as the present high levels have been affecting the demand adversely; the spot prices too have been trading lower impacting the mood. Traders however, expect the short term trend to remain volatile but are optimistic on reports of lower global production for Pulses which may keep trend firm for the Indian markets.

The contract of channa for September delivery was trading at Rs 3292.00, down by 0.12% or Rs 4.00 from its previous closing of Rs 3296.00. The open interest of the contract stood at 220890 lots. The contract of channa for October delivery was trading at Rs 3388.00, flat at its previous closing. The open interest of the contract stood at 257610 lots on NCDEX.

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