MCX NCDEX Tips for Today

Chana NCDEX (Feb): The 3400 caps is expected to call for a negative session, a dip is expected towards 3252/3200. NCDEX Chana has been consolidating since september. Currently Chana is trading near the 40 WEMA which is a crucial support in the medium term.
NCDEX Guar seed (Feb): Choppy session is witnessed. For the short-term immediate support is at 11000/10000.
NCDEX Guar gum (Feb): Range bound market is likely to be in the range of 41710-37910 levels. Resistance: 41685 - 42245, Support: 38505 - 36605
MCX Mentha oil (Feb): Present technical pattern looks healthier and is expected to rise towards 1611/1651. On the downside reversal point is at 1500.

NCDEX Kapas (Apr): The Prices cleared the strong upside obstacle of 913 and triggered rallies. Now the pattern looks so bullish towards 959/986. On Wednesday, Kapas march contract closed at 912.88 and Kapas april contract was closed at 931.58. Traders are advised to buy Kapas (31 Mar) contract for long-term with a strict stop loss of 763.66 and can also buy for short-term with atop loss placed at 842.53. Buy Kapas (30 Apr) contract for long-term with a stop loss placed at 759.96 and can also buy for short-term with a stop loss placed at 849.20.
Technical Levels for Today
Kapas 31-Mar,'12:
Resistance- 952.93 - 936.42
Support: 889.34 - 872.83

Kapas 30-Apr,'12:
Resistance- 970.88 - 954.69
Support: 908.47 - 892.28

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NCDEX Guar Seed and Guar Gum Outlook

NCDEX Guar efforts to stop the continuous speculation. After increasing 10% margin in Guar, NCDEX has increased special margin on Gwar seed and Guar Gum to 20%, which will be now total 72% margin on this commodity.
The initial margin will be 11.25% in February futures. The exposure margin will be 1% and 60% cash margin. The new margins will be implemented from Wednesday. NCDEX had decided to take 10% special margin on long positions in Guar since Friday, but it is applied from Monday.

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NCDEX Guar Seed and Guar Gum News

To prevent speculation in Guar the FMC has taken extreme step. FMC has reduced the brokers position limit of the clients in Guar Gum and Guar Seed. The new limit will apply from 21st January.
In Guar seed brokers client position limit has decreased about 20%. Whereas, the position limit for guar gum 40%. However, the client's position limit in Guar Gum has not changed.

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