Last Updated :
July 30, 2010 14:15
NCDEX Wheat Aug trades higher at 1242
Wheat August future prices traded completely higher and closed in green. After making a high of 1247.6 it settled at 1242.0 levels.
The momentum indicator RSI (14) daily is treading at 0.381 levels. Wheat has tested a decent resistance at 1248.00 levels and closed below.
Market is possible to test 1236.42.00 levels on the lower side. Overall, we expect prices to trade lower and recommend selling.
Courtesy: Karvy Commtrade Ltd.
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