Friday 9 January 2015

NCDEX CHANA, OPEN INTEREST UP 8.53%

Chana NCDEX, agri commdity tips, free agri calls
  • Chana trading range for the day is 3460-3610.
  • Chana arrivals were steady at 30 trucks as compared to previous day. According to Ministry of Agriculture, total rabi pulses acreage till Jan. 2, 2015 is down by 10% to 129.99 lakh hectare(Ha.) as compared with last year’s area coverage of 144.79 lakh hectare during the corresponding week.
    In Delhi spot market, chana gained by 11.65 rupee to end at 3492.7 rupee per 100 kgs.
  • Technically market is under fresh selling as market has witnessed gain in open interest by 8.53% to settled at 83970 while prices remain unchange 0 rupee
  • Now Chana is getting support at 3498 and below same could see a test of 3460 level, and resistance is now likely to be seen at 3573, a move above could see prices testing 3610.



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