NCDEX Chana Apr Short term Bullish

We maintain our bullish view in NCDEX Chana as prices have been in an up trend forming higher tops and higher bottoms. As shown above on weekly chart, prices have given break out of symmetrical triangle at Rs.3150. We recommend to go long in NCDEX Chana on decline towards Rs.3580 for the target of Rs.3800.

About Kotak Commodities

Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website. http://www.kotakcommodities.com/