February 17, 2011

Commodity Pepper Futures Showing Low NCDEX


NCDEX Pepper
The commodity futures market of  pepper is still showing low on Wednesday but a little  recovery was shown in the previous trade when buying on lower levels are seen and the covering-up of short positions by speculators is done. But the overall market sentiments are in a bearish mode. Now the wait is going for arrival of Vietnamese pepper in good quantity as it may push the pepper prices further down.

The February 
contract of
 delivery was seen trading at a price Rs 25270.00 which a downfall of 0.47% or Rs 120.00 from its previous closing price of Rs 25390.00. The contract's open interest is stood at 6834 lots.
The March delivery contract was trading at Rs 24125.00 that is a down by 0.63% or Rs 153.00 from its previous closing of Rs 24278.00. The open interest of the contract stood at 8273 lots on NCDEX.
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