NCDEX Soybean June fut may fall to Rs 3850
NCDEX Turmeric bearish; short covering expected, support 5750
For intra-day, support for turmeric is seen at 5750 while 6470 is the resistance. Traders may sell around 6250 with the stop loss of 6470 for target 5750. Also, support for coriander is there at 6350 while 6870 is the resistance. Traders may sell around 6730 with the stop loss of 6870 for target 6350.
NCDEX Chana negative; support 3350
Chana futures are expected to continue with negative trend during intra-day trade. Higher supply of new crop and higher production estimates are putting pressure on chana prices. For intra-day, support for the commodity is seen at 3350 while 3495 is the resistance. Traders may sell around 3460 with the stop loss of 3495 for target 3350
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NCDEX Jeera negative; support at 12700
On India's NCDEX, jeera for May delivery is looking negative and sell on rise is advised to the traders. The commodity is likely to have support at 12700 and resistance at 13530 levels, according to our analyst.
“The commodity is likely to have support at 12700 and resistance at 13530 levels,” said Milan Shah, Research Analyst at Commodity Online.
Traders may sell the commodity around 13400 with stop loss of 13530 and target 12700,” he added.
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