RM Seed Apr NCDEX: Prices tumbled down from a high of 3463 and closed the day at 3432 levels. With prices breaking the trend channel support of 3460, negative sentiments may continue towards 3419/3400 or even lower to 3360 levels for the day. On the other end, any trades above 3480 could keep the bulls active for short covering rallies.
Pepper Feb NCDEX: Pepper prices slipped lower from 38200 and closed the day at 37310. As long as prices stay above the 13 day EMA support of 37100, bullish outlook is likely to persist and could bring back short coveing rally to 37670 followed by 38000/38500 levels. An overbought condition in RSI could possibly set off the bullish momentum in the immediate run. Major weakness is seen only below 36000 levels with stiff volume.
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