FRESH BUYING SEEN IN MAIZE, OPEN INTEREST UP 17.46%

• Maize settled up 0.24% at 1251 tracking firmness in spot demand. Corn prices could come under additional pressure as South American farmers harvest expected bumper crops after largely favorable growing weather.
• In Nizamabad market, maize prices dropped -2 rupee to end at 1342 rupees per 10 kg.
• Technically market is under fresh buying as market has witnessed gain in open interest by 17.46% to settled at 4440 while prices up 3 rupee.
• Now Maize is getting support at 1245 and below same could see a test of 1239 level, and resistance is now likely to be seen at 1257, a move above could see prices testing 1263.