Monday, May 28, 2012

NCDEX TIPS ~ Chana,Kapas,Mentha Oil,Pepper,Jeera

KAPAS TREND (April) :- A short covering rally is on progress towards 975 levels. Kapas Trend is up. 

MENTHA OIL TREND (June) :- A strong support is visible at 1267 levels, and then a pullback rally is seen at 1400 levels.Trend is up.

CHANA TIPS :- Sideways trading anticipated for the day

NCDEX PEPPER TREND :- After a major rally witnessed last week, it went lower towards 37950 levels. Later, it recovered from there and is currently hovering at 39750 levels. We expect a pullback rally towards 30500 then 30700 levels. But, it is required to break above 41000 levels for the next major rally to re-emerge in the near term. Conversely, any break of below 37800 may see downside correction in the near term.

NCDEX JEERA (June) :- If prices break below 12700 then negative sentiments may be see towards 12500 levels.

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