2. HEADLINES
Chana down on supply pressure.
Chana prices declined by Rs 37 to Rs 4,002 per quintal in
futures trade as speculators continued offloading their
positions. The fall in prices increased on arrivals of new crop
from parts of southern region and expectations of better
output. At the National Commodity and Derivatives Exchange,
chana for delivery in January fell by Rs 37, or 0.92 percent per
quintal with an open interest of 22,210 lots.
Trading tip:
Indian turmeric falls on stocks, pepper rises.
Sell Mentha oil Jan
Indian turmeric futures fell on due to higher carry-forward
Below 1332 stocks, approaching fresh supplies and weak overseas
demand. The April turmeric contract on the
TGTS-1325/1315 National Commodity and Derivatives Exchange (NCDEX) was
0.90 percent lower at rupees per 100 kg. "Export demand is
SL- 1340 weak as everyone is waiting for the fresh crop to come into
the market. Prices are likely to correct further and
could touch 5,700 rupees in the short term
Sell Dhaniya Apr
EXPERT OPINION
Above 7100
STOCK S1 S2 R1 R2
TGTS-7050/6900
CHANA 3,454 3,402 3,556 3,598
SL-7150 RM SEED 3,406 3,367 3,498 3,461
SOYABEAN 3,167 3,112 3,264 3,312
JEERA 13,720 13,500 14000 14,165
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