Commodity	:	Black Pepper
Exchange	:	NCDEX
Perspective	:	Very Short Term

NCDEX JULY CONTRACT





TECHNICALS:
Candlestick formation reveals sellers active participation in the market. Prices closed below 9 and 18-day EMA’s thus supporting the bearish momentum in the short term. MACD is flat in the positive region and hints at a decrease in bullish momentum. RSI is moving down in the neutral region and is supporting the bearish sentiments in the market. Black Pepper is likely to trade with a firm bias.


OUTLOOK:
Participants may buy on dips.


INTRADAY TRADE RECOMMENDATION / SUPPORT AND RESISTANCES (NCDEX):





Do not carry forward the position until the next day.