Friday, December 18, 2015

EPIC RESEARCH NCDEX CHANA UPDATE OF 18 DECEMBER 2015

Chana trading range for the day is 4715-4851.
Chana settled up recovering its losses due to lower than expected arrivals from the major producing belts along with good demand at physical markets.
However upside seen limited due to various government measures including curbs on hoarding of pulses stocks.
CCEA cleared a proposal to create 150,000 tons of buffer stock through domestic procurement at market rates.
In Delhi spot market, chana dropped by -50 rupee to end at 4950 rupee per 100 kgs.


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