|
Market Wrap CHANA VIEW
There are higher production estimates for pulses and higher sowing area expected for chana that is putting pressure on the prices. Chana prices are likely to fall on poor mill demand and higher supplies.
TURMERIC VIEW
Selling is expected in short run in Turmeric at this stage on expectations of profit booking. Good weather prospects are likely to increase the sowing area for the commodity and help improve prospects for a better crop.
JEERA VIEW
There are lower stocks of jeera till fresh arrivals expected in the month of February. Traders are not willing to sell at low levels and are expecting some recovery in rates in coming days. This will help prices to find support and strengthen. In the short term, trend will depend on jeera price parity of various origins in international market.
PEPPER VIEW
Lower stocks of Pepper with Vietnam and Indonesia till fresh arrivals expected next year will support prices in the coming days. Pepper prices will depend on global Black pepper availability and demand from the overseas and domestic market in short term. Technical Views CHANA VIEW
Trend:- Consolidate
Resistance:- 2510, 2585
Support:- 2370, 2300
Strategy:- Buy on dips
TURMERIC VIEW
Trend:- Consolidate
Resistance:- 14480, 15700
Support:- 12270, 11600
Strategy:- Sell on highs
JEERA VIEW
Trend:- Bullish
Resistance:- 15350, 15920
Support:- 14040, 13400
Strategy:- Buy on dips
PEPPER VIEW
Trend:- Bullish
Resistance:- 26325, 28300
Support:- 21625, 20880
Strategy:- Buy on dips
CapitalHeight Financial Services is a leading Financial Advisory Company with a strong presence among all Stock Brokers & Traders.
For Free Stock Tips, NSE, BSE, MCX, NCDEX & Intraday Tips , please visit our site at
http://www.capitalheight.com http://capitalheight.wordpress.com/ http://capitalheightfinancialservices.blogspot.com/ ###
|
