Last Updated :
February 13, 2012 11:30
NCDEX chana weakens, resistance at Rs.3435-3460: Angel
Chana prices are expected to witness further correction in the intraday on account of profit booking by the market participants.
Prices will also take cues from the fresh arrivals of Chana arriving at the domestic mandis. If, arrivals gain momentum prices are expected to remain undertone in this week.
As per the seasonality pattern, prices start to decline with commencement of peak arrivals by end of February and bottom out during March – April.
However, in the current season no major downside is expected as lower output and higher base prices may restrict the downside in the prices.
Chana Mar Futures Rs./qtl support:3320-3350 resistance:3435-3460
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MCX Silver 05 July 2012
contract was trading at
Rs 55888 , up Rs. 493 . What's your view on it?
