CS TURMERIC (APRIL) LEVELS
TREND BEARISH
RESIST 2:9180
RESIST 1:8890
SUP1:8450
SUP2:8300
STRATEGY: SELL ON RISE
TREND BEARISH
RESIST 2:9180
RESIST 1:8890
SUP1:8450
SUP2:8300
STRATEGY: SELL ON RISE
NCDEX Soyabean February futures eased by -1.97% in the last trading to close at 3390 level till Wednesday closing . Moderate firm ness was noted for Soybean last week even as no strong recovery was noted in the International markets. Firm demand in domestic market kept trend slight firm as traders anticipate demand to rise even further in coming weeks . Higher projections for global production could however keep a tap on the rising rates.
CS SOYABEAN (FEBRUARY) LEVELS
TREND MIXED TO BULLISH
RESIST 2:3505
RESIST 1:3450
SUP1:3355
SUP2:3315
STRATEGY: BUY ON DIPS
NCDEX Chana futures traded on a negative note on incresed demand on Wednesday .Chana January contract gained -1.81% to 3362 levels on Wednesday (5.00PM). Prices recovered from the lower levels on improved demand. The recent rains in some parts of Rajasthan had pressurized prices as that was considered beneficial for the standing crop. Any further rains in coming days there could again pressurize prices to some extent. However, lower sowing reports and expectations of a pick up in demand at the lower levels are likely to support the prices in coming weeks.
CS CHANA (FEBRUARY) LEVELS
TREND MIXED TO BEARISH
RESIST 2:3450
RESIST 1:3410
SUP1:3330
SUP2:3295
STRATEGY: SELL ON RISE
CS DHANIYA (APRIL) LEVELS
TREND MIXED TO BEARISH
RESIST 2:7685
RESIST 1: 7550
SUP1:7280
SUP2:7140
STRATEGY: SELL ON RISE
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