Agri Commodity Technical Report 23 August 2023 - Geojit Financial Services
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JEERA NCDEX SEP
Choppy to weak trades expected unless 60500 is breached convincingly upside.
DHANIYA NCDEX SEP
May vary inside 7570-7240 ranges.
TURMERIC NCDEX OCT
A direct voluminous rise above 16800 or a fall past 15400 may lend fresh directions for the day.
COCUDAKL NCDEX SEP
A direct voluminous rise above 2645 may call for 2660 or more. Inability to clear the same may see choppy to weak trades with support seen near 2594/2560 ranges.
COTTON CANDY MCX AUG
59500 is the immediate support which if held downside may call for a bounce up. However, a voluminous rise above 61000 is required for sentiments to improve.
KAPAS NCDEX APR24
Pullbacks to 1568/1575 ranges or even more may not be ruled out. Slippage past 1545 may intensify weakness.
CASTOR NCDEX SEP
May trade sideways to weak unless 6410 is breached convincingly upside.
GUARSEED NCDEX SEP
Downside correction witnessed yesterday may continue towards 6210-6150 ranges. And such moves stretching beyond 6105 may lessen prevailing positive bias. Else may hold the same for a bounce up.
GUARGUM NCDEX SEP
Downside correction may continue on sustained trades below 12760, possibly towards 12580 or even more to 12300 range. However, pullbacks to 12980/13200 ranges may not be ruled out as well.
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