Thursday, 29 March 2012

NCDEX CHANA TIPS (MAR 30)


CHANA SLUMPS OVER 2% AS EXCHANGE IMPOSES SPECIAL MARGIN ON
ALL LONG SIDE TRADES

Date: 30/3/2012





Chana futures plunged by more than 2% today as exchange has imposed the special margin on the long side trades of chana contracts.
The latest circular from NCDEX stated that the special margin of 10% (in cash) on the Long side trades will be imposed on all the running contracts and coming contracts in chana with the effect from March 31, 2012. This prompted the sharp selling in chana futures market.
The NCDEX Chana April Benchmark contract wilted Rs 74 per quintal to trade at Rs 3546 per quintal. The contract has pared 400 contracts in open interest indicating long liquidation.


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1 comment:

  1. Unknown27 December 2015 at 23:08

    WWR CHANA 20- JAN
    SUPP 1 : 4910
    SUPP 2 : 4860
    RES 1 : 5010
    RES 2 : 5070
    AGRI COMMODITY TIPS

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