NCDEX Pepper Trend (Apr) :- The trend for pepper remains bearish due to reports of a recovery in arrivals in Vietnam. A pullback rally is visible, if prices are able to cut above 38650 (45 day EMA) resistance. Consistent trades above the same may see prices lift higher towards 39400 followed by 40000 levels. On the lower side, prices may trade sideways to lower for the day.
NCDEX Jeera Tips :- Prices breached the crucial support of 11700 levels yesterday, we expect selling pressure to continue towards 11500/1100 levels in the near term.
KAPAS Trend :- The bearish trend persists and breaking off 790 regions could be chance for further fall towards 775 followed by 760 levels.
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