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Saturday, November 27, 2021

NMCE Rubber support seen at 10820: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed Thu
RSS 4 113 112.5 112 111.5
RSS 5 111 110.5 110 110
Ungraded 103 101 98 98
ISNR 20 98 97.5 96 95.5
Latex(60% drc) 86.65 86.1 85.6 85.6

Spot Rubber prices steady at Rs 98 /kg on Thursday.

NMCE Rubber Dec opened with a gap down and recovered slightly in intraday before closing in red today. Immediate support is expected to come into play at 10820 below which the present downtrend should resume. On the upside 10920 should act as a resistance in the next session.

Indian futures scenario

NMCE Futures (Nov contract, INR)
Day Open High Low Close
Mon 11196 11196 11050 11070
Tue 11100 11100 10826 10900
Wed 10835 10933 10770 10900
Thu 10850 10906 10850 10860

Tocom (Apr contract Yen/ Kilogram)

Day Open High Low Close
Mon 159.5 160.3 159.1 160.1
Tue 159.5 160.3 159.1 160.1
Wed 156.5 157.9 156 157.3
Thu 154.5 155.8 154.3 155.4

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