TECHNICALS: BUY NCDEX CHANA JULY ABOVE 2326 SL 2275 T1 2340 T2 2364
FUNDAMENTALS: DESI CHANA REPORTED FIRM AT THE BENCHMARK DELHI MARKET. THERE HAS BEEN SOME ENQUIRIES FROM MILLERS AND TRADERS AT THE HIGHER LEVEL. THE QUOTES AT LAWRENCE ROAD FOR MAHRASHTRA LINE AND MP/RAJASTHAN CHANA WAS PRICED AT Rs.2,425-2,450 AND Rs. 2,215-2,220 PER QUINTAL.
TECHNICALS: BUY NCDEX JEERA JUNE AT CMP SL 12840 T1 13252 T2 13401
FUNDAMENTALS: DEMAND HAS IMPROVED IN THE RECENT TRADE AT THE UNJHA MARKET. ALSO, THERE ARE AROUND 40 PER CENT OF CROP LOSS REPORTED IN TURKY, SYRIA AND IRAN. HENCE, JEERA PRICES LIKELY TO REMAIN IN THE NORTH DIRECTION. NCDEX QUALITY JEERA QUOTED IN THE RANGE OF Rs. 13,200-13,300 PER QUINTAL. DOLLAR HAS ALSO SHOWED SOME IMPROVEMENT, IT IS CURRENTLY TRADING AT 40.90.
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