Tuesday, 7 June 2011

Ncdex Tips for today | Ncdex News For Today(7 Jun 2011)


Black pepper for the June delivery settled the last session higher by 1.27% at Rs 29561 after hitting the high of Rs 29837.
Pepper futures are expected to continue the bullish movement with June contract has resistance at Rs 29850, Rs 30000 and supports at Rs 29450, Rs 29250.
The open interest dipped 11.84% to 9,142 tonnes. Black Pepper for ready delivery in Kochi, closed Monday's trading session at Rs 28,100, up by Rs 200 over last close.
Lower arrivals in the local mandis against the strong demand are likely to support the uptrend, however weak export demand and ample supply in global market may limit the gains.

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