channa up date

At present NCDEX Chana March 2012

NCDEX Chana March-2012 delivery contract opened at Rs. 3670 per 100 kg today, an increase of Rs. 60 per 100 kg over previous close price. At present NCDEX Chana March 2012 contract is trading significantly up at Rs. 3736 per 100 kg, higher by 3.49 per cent over previous settlement price. The contract has so far traded in the range of Rs. 3666-3762 per 100 kg. Rise in open interest along with prices indicate that an uptrend is in place and is likely to be sustained. Volume of trade has increased to 168580, up by 570 against previous trading day. NCDEX Chana March-2012 Futuresnnbsp; Last Traded Open High Low Previous Close Volume Open Interest 3736 3670 3762 3666 3610 168580 71350 Price Drivers: Bullish Factor : 1) In expectation of lower crop output 2) Lower carry-in stock