Friday 2 January 2015

MAIZE TRADING RANGE 1244-1252, DOWN AT 1248

Agri Commodity Tips, free agri calls, Maize NCDEX, maize trading tips, Future Trading Tips
  • Maize settled down by -0.4% at 1248 tracking weakness in spot demand amid lack of direction from overseas prices. As per ministry of agriculture, maize have been sown in 9.73 lakh hectares as on now during Rabi season, higher by 0.05 lakh hectares as compared to last year. 
  • In Nizamabad market, maize prices dropped -2 rupee to end at 1342 rupees per 10 kg.
  • Technically market is under fresh selling as market has witnessed gain in open interest by 5.88% to settled at 3780 while prices down -5 rupee.
  • Now Maize is getting support at 1246 and below same could see a test of 1244 level, and resistance is now likely to be seen at 1250, a move above could see prices testing 1252.



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