Soybean prices declined on higher arrivals in the mandis
At NCDEX, Soybean futures yesterday opened negatively and traded down throughout the day. The prices closed down on weaker demand scenario prevailing in the market. The lower demand for Indian soy meal for exports and domestic market push down the prices. The prices today may continue to trade on moderately lower note. Sell on high is recommended for today’s trading session.
RM seed prices declined due to proofing booking
At NCDEX platform during yesterday’s trading session, RM seed futures opened on negative note and later on afternoon session RM seed prices declined up to RS. 4646 per quintal due to fresh arrivals in the mandis .RM seed trade ended at the day RS. 4687 per quintal. Which was approx 2.1% down against previous day. Sell on high is recommended for today’s trading session.
Chana prices slipped down on lower demand
At NCDEX platform after the few trading session Chana futures prices declined in last trading session due to lack of strong demand in spot the market. Chana trade ended at the day RS. 4740 per quintal which was approx 1.27% down against previous day. Sell on high is recommended for today’s trading session.
NCDEX Call Today
Sell NCDEX Jeera Jan. below 15200 and maintain a Stop loss above 15400. We can see the targets around 15000 and 14800