NCDEX MARKET LATEST NEWS
NCDEX Coriander bearish; support 6570 and 6500
On the lower side support for the commodity is seen at 6570 and 6500 levels. Resistance for the futures is seen at 6730, if the commodity breaks and sustains above the same then prices may touch 6810 level. NCDEX coriander for June delivery was seen trading down by 1.01% at Rs.6648 per 100 kgs as of 11.39 AM IST on Wednesday.TRY OUR FREE CALLS ONCE BY FILLING THE FORM BELOW.
NCDEX Turmeric range bound; 5700-6150 range
Turmeric traders are awaiting monsoon showers and are hoping that prices may surge after the advent of rains. Monsoon is the season of accumulation and distribution of all spices and this process may support prices to some extent.WE ARE BEST TIPS PROVIDER IN AGRI MARKET
Cotton futures edges down profit booking
Cotton futures exhibited negative trend as speculators
booked profits after recent gains. A pick-up in sales from the Cotton Corp of
India (CCI) is expected to keep the fibre under pressure.
The contract for May delivery
was trading at Rs 18150.00/Bales, down by 0.17% or Rs 30.00 from its
previous closing of Rs 18180.00 / 1 Bales. The open interest of the
contract stood at 1060.00 lots.
The contract for
June delivery was trading at Rs 18440.00/Bales, down by 0.22% or Rs
40.00 from its previous closing of Rs 18480.00 / 1 Bales. The open
interest of the contract stood at 6500.00 lots on MCX.
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NCDEX Chana extend losses on strong arrivals
Chana prices at India’s National Commodities and Derivative Exchange
(NCDEX) witnessed a bearish phenomenon. Chana June is now trading around
Rs 3105-3168 per qtl level.
Soyabean futures rise on firm demand
Soyabean futures continue to trade higher on NCDEX as foreign traders have increased their buying from India. An increased demand at the spot market along with expectations of higher exports mainly influenced the prices.
The contract for June delivery
was trading at Rs 3842.00, up by 0.30% or Rs 11.50 from its previous
closing of Rs 3830.50. The open interest of the contract stood at
53020.00 lots.
The contract July delivery was
trading at Rs 3707.00, up by 0.35% or Rs 13.00 from its previous closing
of Rs 3694.00. The open interest of the contract stood at 60900.00 lots
on NCDEX.
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