Turmeric April futures traded on a slipped on Friday(5.00pm)at India's National Commodity &Derivatives Exchange (NCDEX). Turmeric spice decresed by -0.13% to 7558 level at NCDEX. Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India.
TREND:MIXED TO BEARISH
RESISTANCE 2:7940,
RESISTANCE 1:7750,
SUPPORT1:7450,
SUPPORT2:7340
STRATEGY:SELL ON RISE
SOYABEAN TIPS:-
The NCDEX Soyabean April futures surged up by 0.21% in the last trading to close at 3382 level till Friday closing.Rates bounced back from the lower levels as prices found some string support at these levels. Weakness in International markets too suppressed the market sentiments.
TREND:MIXED TO BULLISH
RESISTANCE 2:3395,
RESISTANCE 1:3385,
SUPPORT1:3370,
SUPPORT2:3360.
STRATEGY:BUY ON DIPS
CHANA TIPS:-
Chana futures traded on a positive note on incresed demand on Friday(5.00PM). Chana April contract gained 0.08% to 3614 levels. roduction of Gram in the country has been generally increasing and its production has gone upfrom 7.48 million tonnes in 2009-10 to 9.53 million tonnes in 2013-14. In order to further increase production of pulses including Gram in the 12th Plan Period, the Government is implementing National Food Security Mission (NFSM)-Pulses in 622 districts of 27 States.
TREND:MIXED TO BEARISH
RESISTANCE 2:3640,
RESISTANCE 1:3625,
SUPPORT1:3600,
SUPPORT2:
3585
STRATEGY:SELL ON RISE
DHANIYA TIPS:-
The NCDEX Dhaniya April futures surged up by4.29% in the last trading to close at 8679 level on Friday. Bargain buying was seen in coriander prices as prices increased by almost Rs 100 per quintal at Kota and other mandies due possibility of crop damage to coriander crop in Rajasthan. However, fresh supplies of around 15-20 thousand bagshave been reported in local mandies.
TREND:BULLISH
RESISTANCE2:9140,
RESISTANCE 1:8900,
SUPPORT1:3335,
SUPPORT2:7990
STRATEGY:BUY ON DIPS
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