Monday, June 13, 2016

NCDEX Chana Agri Continue gain @ Buy Chana Free Calls

Chana futures continue to gain on expectation of lower supply and firm demand in the spot market. All the government initiatives to reign in spiraling prices of pulses and pulse seeds appear to have gone haywire amid continuing rally in pulses and pulse seeds. Weak arrival and improved buying lifted the prices of pulses. The gap in demand and supply of pulses has widened in the last two years due to drought.

Pulse production is around 17 million tonnes while demand is for 23.6 million tonnes (MT). Chana trade ended the day at Rs. 7101 per quintal which is approx 2.76% up against its previous close. We recommend buy Chana futures during today’s trading session.

All Trtader can Buy NCDEX chana for intraday and Long term also, Don't Short chana right now.


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