Friday, December 26, 2008

Mustard Futures Trades In A Tight Range Fresh Short Positions - Dec 26, 2008

Mustard futures continued to trade sideways in today's trading, on lack of conviction on either the bullish and bearish side of the aisle. On NCDEX, All the Mustard futures were mired in a 2-3rupees range in today's trading.On NCDEX, January Futures were trading at Rs 582, down Rs 0.40 per 20 kg while February Futures were trading at Rs 497.65 per 20 kg, up Rs 4.45.

Traded volumes of January contract were at 45200, which were 88% of the previous day's total traded volumes while January Future has added 20% contracts today, implying fresh short positions.

No comments: