Wednesday, 23 May 2012

Ncdex trend today 23 May 2012

NCDEX Pepper Outlook Today :- A stiff resistance is placed at 41000; hence, it is required to break the same with volume for it to continue the rally towards 41500 followed by 42000 levels. Meanwhile, if unable to break the same, we may see a mild profit booking towards 39780 before resuming the next bullish wave. Conversely, only a break of 38600 would negate our near term bullish view. Trading range – support -40200/39500/39300 resistance- 40500/41000
NCDEX chana trend :- Any break of 4130 with higher volume could see a lower correction till 4060 levels. Trading range:- support- 4018 4077 4115 pivot point - 4174 resistance - 4212 4271 4309 
Ncdex Turmeric Trend :- Expect to see a minor profit booking towards 3860 levels. Trading range- support - 3675 3801 3867 pivot point - 3993 resistance - 4059 4185 4251 
Ncdex Soybean trend :- Sideways expected for the day. Trading range :- support - 3254 3293 3331 pivot point - 3371 resistance - 3409 3448 3486

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