Monsoon was expected to arrive until May 19, but it has been hitting two days before on 17 May. Pre-monsoon has been raining heavily since last 48 hours in several area of South India. According to Skymate the Monsoon will give knock before expected time.
Despite of early monsoon news Agri Commodities traded higher. At NCDEX Chana traded higher, while Soyabean and Mustard price jumped 1% higher.
Chana NCDEX (June Future) Buy at 4740 Target 4840 stop loss 4680
Dhaniya NCDEX (June Future) Buy at 11350 Target 12200 stop loss 10900.