Mentha
Oil prices rose by 0.62 percent on Tuesday at the Multi Commodity
Exchange (MCX)
due to tight stocks position in the physical market
due to restricted arrivals from producing
belts. Sentiment improved
further as traders engaged in creating positions on account of good
demand from consuming industries and lower arrivals from Chandausi in
Uttar Pradesh. At
MCX, Mentha oil futures for February 2015
contract, at MCX, were trading at Rs. 750.90 per kg,
up by 0.62
percent after opening at Rs. 747.00 against the previous closing
price of Rs. 746.30.
It touched the intra-day high of Rs. 752.10
till the trading.
CHANA
NCDEX Chana futures traded on a positive note on Monday(11.20am). Chana
April contract rose
by 1.11 percent to 3659 levels at India's
National Commodity & Derivatives Exchange Limited
(NCDEX). Chana
April contract is likely to trade bullish for both short term and
intra day. “Short
term support is seen at 3550 and resistance at
3770. Intra day support is seen at 3610 and
resistance at3650. With
domestic demand remaining firm, prices picked up for Chana in the
spot
and the futures markets as traders expect overall trend to
remain strong backed by falling
acreage and possibilities of fall in
production this year.
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