June 22, 2011

NCDEX Live Rates for 22 June | Chana NCDEX Tips Today 22 June

The NCDEX market futures for turmeric NCDEX are expected to trade on slightly  positive because of a sudden fall in turmeric NCDEX prices growers are becoming reluctant in further selling of their produce. The futures for Jeera NCDEX are expected to continue the bearish trend on poor  domestic demand. Lack of active buying at ncdex spot market is likely to pull down the prices. The concerns regarding the chances of shift in acreage from Guarseed ncdex to castorseed might support the bulls. However, the progress of monsoon has been good so far and is likely to progress in time towards the north-western region of India. This impact of monsoon might limit the gains. 
Turmeric NCDEX (JULY)
• R2 - 7550
• R1 - 7400
• S1 - 7150
• S2 - 7000
• Consolidate in Trend
• Strategy: Sell on high  
Mentha Oil NCDEX (JULY)
• R2 - 905
• R1 - 890
• S1 - 855
• S2 - 844
• Trend: Consolidate
• Strategy: Buy on dips
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