Turmeric Apr NCDEX: Turmeric prices made a sparkling
comeback from 6600 and closed the day at 6854 levels. For the day,
expect to see an initial dip to 6790 and a turn higher targeting 6898,
followed by 6980 levels. With prices taking support of the 22 day EMA,
bulls seem active for the day. Conversely, a deep correction cannot be
ruled out if prices smash below 6720 extending towards 6600 levels.
Soybean Apr NCDEX: Sustained trades above 3520 could see bullish wave towards 3550 and then to 3599 levels.
Pepper Apr NCDEX: A choppy trading session was witnessed yesterday and trades finally closed positively at 35555. It has to clear the resistance of 35750 for the buyers to take further control targeting 36000, followed by 36300/36500 levels. On the lower side, inability to trade above 35750 could see selloffs towards 35300-35000 regions. Meanwhile, the daily MACD histogram shows a passive positive approach for the prices.
SugarM 200 Apr NCDEX: Consistent trades below 3000 could see fall towards 2945 levels.
Soybean Apr NCDEX: Sustained trades above 3520 could see bullish wave towards 3550 and then to 3599 levels.
Pepper Apr NCDEX: A choppy trading session was witnessed yesterday and trades finally closed positively at 35555. It has to clear the resistance of 35750 for the buyers to take further control targeting 36000, followed by 36300/36500 levels. On the lower side, inability to trade above 35750 could see selloffs towards 35300-35000 regions. Meanwhile, the daily MACD histogram shows a passive positive approach for the prices.
SugarM 200 Apr NCDEX: Consistent trades below 3000 could see fall towards 2945 levels.
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