Buy NCDEX Chana Jan; target Rs 3100: Emkay

Written By Unknown on Selasa, 31 Desember 2013 | 16.02

Emkay's research report on agri commodities -

NCDEX Chana Jan. contract remain firm for the day as price has witnessed buying interest at support levels of 3020-3030 levels on Monday. Any break and close below 3020 only can extend its declines, failure of which can boost prices towards 3105 levels.

Contract - Jan
Strategy - Buy
Entry - 3025-3030
Target - 3100
Stop loss - 3000

NCDEX Sugar Jan future prices could trade sideways for the day as price has witnessed selling interest from key levels of 2820-2830 levels. However, Overall trend remains weak till price manages to trade below 2860, targeting 2730 levels.

Contract - Jan
Strategy - Range
Entry - 2830-2780

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