Chana NCDEX (Feb): The 3400 caps is expected to call for a negative session, a dip is expected towards 3252/3200. NCDEX Chana has been consolidating since september. Currently Chana is trading near the 40 WEMA which is a crucial support in the medium term.
NCDEX Guar seed (Feb): Choppy session is witnessed. For the short-term immediate support is at 11000/10000.
NCDEX Guar gum (Feb): Range bound market is likely to be in the range of 41710-37910 levels. Resistance: 41685 - 42245, Support: 38505 - 36605
MCX Mentha oil (Feb): Present technical pattern looks healthier and is expected to rise towards 1611/1651. On the downside reversal point is at 1500.
NCDEX Guar seed (Feb): Choppy session is witnessed. For the short-term immediate support is at 11000/10000.
NCDEX Guar gum (Feb): Range bound market is likely to be in the range of 41710-37910 levels. Resistance: 41685 - 42245, Support: 38505 - 36605
MCX Mentha oil (Feb): Present technical pattern looks healthier and is expected to rise towards 1611/1651. On the downside reversal point is at 1500.
NCDEX Kapas (Apr): The Prices cleared the strong upside obstacle of 913 and triggered rallies. Now the pattern looks so bullish towards 959/986. On Wednesday, Kapas march contract closed at 912.88 and Kapas april contract was closed at 931.58. Traders are advised to buy Kapas (31 Mar) contract for long-term with a strict stop loss of 763.66 and can also buy for short-term with atop loss placed at 842.53. Buy Kapas (30 Apr) contract for long-term with a stop loss placed at 759.96 and can also buy for short-term with a stop loss placed at 849.20.
Technical Levels for Today
Kapas 31-Mar,'12:
Resistance- 952.93 - 936.42
Support: 889.34 - 872.83
Kapas 30-Apr,'12:
Resistance- 970.88 - 954.69
Support: 908.47 - 892.28
Technical Levels for Today
Kapas 31-Mar,'12:
Resistance- 952.93 - 936.42
Support: 889.34 - 872.83
Kapas 30-Apr,'12:
Resistance- 970.88 - 954.69
Support: 908.47 - 892.28