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NCDEX CHANA OUTLOOK
Chana may continue firm trend as delayed monsoon kept supporting the market sentiments. Thin supply of chana in the local markets also supported the futures to trade higher. Chana production is expected to fall by 6.8% to 7.40 mln tonnes as compared to 8.22 mln tonnes last year.Hence, we can say that NCDEX Chana to remain firm on decline in rainfall.
KAPAS TREND TODAY
As on Monday 2nd July 2012 KAPAS1closed @ 1010.30 and we RECOMMEND Strong Buy for LONG-TERM with STOPLOSS of 808.60 and Strong Buy for SHORT-TERM with STOPLOSS of 865.04. Important levels for today are as follows :-
| Resistance 2 | 1019.48 |
| Resistance 1 | 1015.7 |
| Pivote | 1010.07 |
| Support 1 | 1004.9 |
| Support 2 | 1001.12 |