Thursday, 29 March 2012

Ncdex Free tips 29 march

NCDEX whole grain or grain to drop on vulnerable move demand
Wheat resolved flat after the endless exports authorization of Wheat flour by govt. Government has authorized endless exports of whole grain or grain flour under the Open General Certificate (OGL) structure for the present season beginning Apr 1, 2012. Earlier, govt has set a limit of 650,000 lots set for the present financial season.



Moreover, Uttar Pradesh Government has improved the Minimal Assistance Cost of whole grain or grain from Rs 1,080 per quintal to Rs 1,284 per quintal for the present promotion period
( April-May end ). This might provide some can handle to the costs at 'abnormal' amounts.

Uttar Pradesh govt is getting around 10 lakh lots of whole grain or grain during the promotion period. The Uttar Pradesh Government has improved the Minimal Assistance Cost of whole grain or grain from Rs 1,080 per quintal to Rs 1,284 per quintal for the present promotion period. The MSP is more than the nearby states of Punjab, Haryana and Madhya Pradesh where the whole grain or grain costs are Rs 1,125 per quintal. Formal resources from govt mentioned that our Government had guaranteed good remunerative price for the farming produce.

In Delhi whole grain or grain costs decreased -4.55 rupee to end at 1284 rupees per 10 kg.

In the past's trading time Wheat has moved the low of 1247 after starting at 1249, and lastly resolved at 1251.

For present-day time market is looking to take support at 1247, a break below could see a test of 1243 and where as level of resistance is now likely to be seen at 1255, a move above could see costs examining 1259.

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