Chana weakens by 0.8% on spot demand.
Chana prices fell by 0.80% to Rs 3,352 per quintal in futures trade today on profit- booking by speculators amid subdued demand in physical markets. Increased supply from major producing regions of Madhya Pradesh and Rajasthan also put pressure on chana futures prices. At the National Commodity and Derivative Exchange (NCDEX), the July contract declined by Rs 27, or 0.80%, to Rs 3,352 per quintal in 90,950 lots.
Jeera may gain on export demand
Jeera prices are likely to move up in the coming days on hopes of overseas demand and lower arrivals, according to traders.Jeera futures improved on Thursday as demand from exporters and stockiest was strong. However, spot jeera ruled flat. On the NCDEX, jeera June contract gained by Rs 112.50 at Rs 13,315 a quintal, with an open interest of 11,499 lots. NCDEX July contract increased by Rs 97.50 to Rs 13,500, with an open interest of 6,828 lots.
Sell Chilli June below
5570 tg 5470, 5370 sl
Sell Dhaniya June
DAILY SOYABEAN CHART
• SOYABEAN LOOKS SIDEWAYS
• TREND: CONSOLIDATE
• STRATEGY: BUY ON DIPS
• CHANA LOOKS DOWNWAYS
• TREND: BEARISH
• STRATEGY: SELL ON RISE
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