Thursday, 30 August 2012

CHANA SEP UPDATES ( NCDEX AGRO )

Advisory data:-----------

Bargain buying was seen in chana futures due to weak supplies in major mandies along with steady prices in domestic market. The NCDEX futures increased by almost Rs 40 per quintal today.
As per market sources , the total daily arrivals of chana have been decreased to 20-23 thousands bags from 35-40 thousand bags that were reported earlier due to restricted selling by traders ahead of upcoming festival demand.
The spot prices of chana at Maharashtra and Madhya Pradesh mandies augmented by almost Rs 25 per quintal to trade at around Rs 4850-4900 per quintal today.
Consequently, the NCDEX September futures swelled by Rs 39 per quintal to trade at Rs 4728 per quintal.
http://www.commoditytipsadvisory.com/ 

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