Wheat yesterday traded with the negative node and settled -0.22% down at 1376. As per data received from States, wheat has been sown in over 288 lakh hectare, which is 9.31 lakh hectares more than last year on this date. In Delhi wheat prices gained 6.75 rupee to end at 1405 rupees per 10 kg. In yesterday's trading session Wheat has touched the low of 1368.2 after opening at 1379.8, and finally settled at 1376. For today's session market is looking to take support at 1368.5, a break below could see a test of 1361.1 and where as resistance is now likely to be seen at 1383.1, a move above could see prices testing 1390.3.

Trading Ideas:

Wheat trading range is 1360.2-1389.4.

Wheat yesterday traded with the negative node and settled -0.22% down.

Wheat is having resistance at 1383.10 and support at 1368.50 level.

Wheat has been sown in over 288 lakh hectare, which is 9.31 lakh hectares more than last year

In Delhi wheat prices gained6.75 rupee to end at 1405 rupees per 10 kg.