Showing posts with label Chana Trade. Show all posts
Showing posts with label Chana Trade. Show all posts

Tuesday, 18 November 2014

Chana slides 0.38% on adequate supply


Chana Futures, Chana NCDEX, Chana Trade, Future Trade, NCDEX,Delivery calls
NCDEX CHANA Tread :- Sideway
Outlook turn bearish  for NCDEX chana Trade

PIVOT POINT :- 3164,S1-3133 ,R1:-3185

Chana prices were down by 0.38 per cent to Rs 3,171 per quintal in futures trade today as speculators trimmed positions, driven by increased supplies from producing regions in spot market against subdued demand.

At the National Commodity and Derivative Exchange, chana for delivery in November fell by Rs 12, or 0.38 per cent to Rs 3,171 per quintal with an open interest of 53,480 lots.

The December contract declined by Rs 10, or 0.32 per cent to Rs 3,144 per quintal in 66,450 lots.

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