NCDEX Chana and Pepper Trading Tips

NCDEX Chana (Jan) contract has completed the double bottom chart pattern on the daily chart and has been range bound at 3454 levels. The target according to the pattern is around 3699 levels. Traders can go for long positions on successful crossing the resistance level. Traders are advised to buy NCDEX Chana (Jan) Above 3353 for target of 3549 with a strict stop loss of 3275.

 

NCDEX Pepper (Jan) contract had broken the crucial support line in the last week and ended below the same. In this week some more downside is expected in it. Any pullback towards the support level and turned resistance line should be used to build short positions. Traders are advised to sell NCDEX Peeper (Jan) around 32498 for target of 30498 with a strict stop loss of 33498.