Pepper June ncdex: Inability to break and sustain above 38400 (22 day
EMA), we expect a range bound trading for the day. On the higher side,
a direct rise above 38600-38700 regions is required to pick up major
rallies towards 39200 followed by 40000. On the lower side, break of
37000 may witness sharp selling towards 36100 levels in the immediate
run.

Chana futures fell for the second straight session on Thursday, a day
before the expiry of the near-month contract and tighter regulations
to curb excessive speculation. Inability to trade above 4400, then a
near term price correction is seen towards 4150 followed by 4120
levels. If NCDEX Chana break 4200 level with volume it can test
4050.....

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