Lack of strong demand in mandis kept pressure on the market sentiments, Due to Lack of Demand in the Agri Commodity Market. Short covering at these lower levels however prevented any further fall in rates also.
Spices recovered on some positive news on NCDEX Turmeric while NCDEX Jeera failed to show strong recovery on lack of export demand. NCDEX Chana maintained the uptrend even as lack of export demand kept uptrend limited for Guar.
The NCDEX Chana markets on regular Govt initiatives to control rising prices even as falling stocks and lower production reports keep supporting prices.
NCDEX MCX Tips:
Buy Gold February in between 25600/25620,sl-25520,tgt-25740
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