Prices have continued their downtrend
from Saturday due to cutting of long
positions in June. Since only 3,810 tonne chana was delivered against the May contract, with total
warehouse stock at over 27,000 tonne,
most of the remaining stocks are likely
to be delivered in June. Open interest in July rose 1,780 tonne on the back of 1.55% fall in prices,
indicating fresh short positions in the
contract.
Prices have continued their downtrend
from Saturday due to cutting of long
positions in June. Since only 3,810 tonne chana was delivered against the May contract, with total
warehouse stock at over 27,000 tonne,
most of the remaining stocks are likely
to be delivered in June. Open interest in July rose 1,780 tonne on the back of 1.55% fall in prices,
indicating fresh short positions in the
contract.
FREE
FirstStep Seminar! Book your seat
TODAY! To buy and sell shares, log on to
www.sharekhan.com or call our DialnTrade unit on 1-800 227050/
30307600. For account related queries call our Customer
Service cell on 1-800-22-7500/ 39707500 or mail us at
myac...@sharekhan.com.