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Chana futures rise on higher spot demand
Chana prices rose by Rs 29 per quintal in futures trade as traders enlarged their holdings on good demand in the spot market. Restricted arrivals of the commodity in physical market and fears of crop damage in Madhya Pradesh and Rajasthan due to frost capped the gains. At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 29, or 0.81 per cent, with an open interest of 62,640 lots.
Chilli, turmeric prices rise on buying support
Red chilli and turmeric prices rose by Rs 100 per quintal in the national capital on fresh buying by retailers and stockists amid low stocks. Fall in supplies from producing belts also supported the upside in prices. Red chilli and turmeric prices rose by Rs 100 each to settle at Rs 6,900-12,000 and Rs 6,400-9,700 per quintal, respectively.
TRADING TIP :
· Buy Dhaniya Apr
Above - 7195
· Sell Castorseed Feb
· SOYABEAN LOOKS DOWNWARD
· TREND: BEARISH
· STRATEGY: SELL ON RISE
· CHANA LOOKS SIDEWAYS
· TREND: CONSOLIDATE
· STRATEGY: BUY ON DIPS
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