Last Updated :
February 03, 2012 11:35
NCDEX chana gains, support at Rs.3230-3245: Angel
Chana prices may remain firm on account of fresh demand emerging at lower levels. Also, negligible carry over stocks from last season may support prices in the coming week.
Even if prices witness correction owing to commencement of fresh arrivals, it can be treated as a good buying opportunity.
Following the seasonality pattern, Chana prices decline during the peak arrival period (mid February-April) and start recovering gradually May onwards. We expect same seasonality pattern to occur this time too.
However, price may not fall below 2800 levels, as this being the MSP.
Chana Feb Futures Rs./qtl support:3230-3245 resistance:3300-3330
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MCX SUGARMKOL EX - KOLHAPUR 20 June 2012
contract was trading at
Rs 2910 . What's your view on it?
