Chana July NCDEX: Chana plummeted sharply from 3229 and closed the day session at 3141. As it broke the support of 3220, expect to see next leg of lower correction towards 3100 followed by 3050 levels. Meanwhile, the daily RSI (14) is prompting for the potential fall. Conversely, on the higher side, any trades above 3200 could negate our intraday bearish outlook.
RMseed Jul NCDEX: While below 3500, anticipate a lower correction towards 3440/3400 levels.
CPO June MCX: If prices are able to sustain above 505 could trigger rallies to 511 levels.
Cardamom July MCX: Cardamom dropped below from the support of 750 and later closed the day at 745 levels. Consistent trades below 750, sentiments turn to be bearish and expect long liquidation pressure towards 725 followed by 700 region. Meanwhile, daily RSI (14) is seen exhausted and turned lower for further correction. The counter would turn positive only on reliable trades above 775 levels.
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