Agri Commodity Technical Report 01 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
26200 is the immediate resistance and a voluminous rise above the same may improve sentiments. Inability to clear the same may call for sideways to weak trades with support seen at 25250/24500.
DHANIYA NCDEX SEP
Unless 7050 is breached convincingly upside, choppy moves with a mild negative bias may not be ruled out.
TURMERIC NCDEX OCT
13900 is the immediate resistance and a voluminous rise above the same may improve sentiments. Inability to clear the same may call for sideways to weak trades.
COCUDAKL NCDEX SEP
Even as there prevails a positive bias, may vary inside 3590-5470 ranges and a break out from either end of the aforementioned range may lend fresh direction for the day.
KAPAS NCDEX APR25
May trade sideways to weak unless 1638 is breached convincingly upside.
COTTON CANDY MCX SEP
Choppy moves expected
CASTOR NCDEX SEP
May inch higher. However, an unexpected fall below 6080 may call for more downside correction.
GUARSEED NCDEX SEP
Unless 5395 is breached convincingly upside, may trade sideways to weak.
GUARGUM NCDEX SEP
A voluminous rise above 10650 is required for sentiments to improve. Inability to clear the same may call for sideways to weak trades.
SUNOIL NCDEX SEP
May tick higher.
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