Maize trading range for the day is 1132-1196. Maize settled down by -1.87% at 1154 tracking weakness in spot demand and overseas prices indications of rapid planting progress in the U.S. Midwest.
At Naugachia market in Bihar estimated market supply was at 5000 Quintal, higher by 1667 Quintal as against previous day. In Nizamabad maize prices gained 4.25 rupee to end at 1297.25 rupees per 100 kg. Technically market is under fresh selling as market has witnessed gain in open interest by 12.6% to settled at 15910 while prices down -22 rupee, now Maize is getting support at 1143 and below same could see a test of 1132 level, and resistance is now likely to be seen at 1175, a move above could see prices testing 1196.
NCDEX accredited warehouses maize stocks gained by 121 tonnes to 11326 tonnes.
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