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Sunday, September 24, 2023

NMCE Rubber likely to trade positive with support at 11200: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed
RSS 4 111 111.5 112
RSS 5 106 107 108
Ungraded 96 95 96
ISNR 20 98 98 98
Latex(60% drc) 80.3 81.35 81.9

Spot Rubber prices up slightly to Rs 96/kg on Wednesday.

NMCE Rubber Oct contract traded sideways and closed at 11365. It is likely to trade on a positive note in next trading session. Prices have good support at 11200 and resistance at 11500.

Indian futures scenario

NMCE Futures (Sept contract, INR)
Day Open High Low Close
Mon 11198 11300 11150 11282
Tue 11200 11375 11200 11350
Wed 11400 11450 11360 11360

Tocom (Feb contract Yen/ Kilogram)

Day Open High Low Close
Mon 167.8 168.9 166.2 168.9
Tue 170.9 173.4 170.8 173.1
Wed 173.7 174 172.6 173.7

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