Agri Commodity Technical Report 04 July 2024 - Geojit Financial Services Ltd
JEERA NCDEX AUG
As long as support at 27900 range is held downside, choppy moves with a mild positive bias may anticipated. A voluminous fall past the same may call for 27350 or more.
DHANIYA NCDEX AUG
While there prevails a weak bias, pullbacks to 7420/7480 ranges may not be ruled out.
TURMERIC NCDEX AUG
Pullbacks to 16600/16800 ranges may not be ruled out even as there prevails a weak bias. A direct voluminous fall past 15900 could intensify weakness.
COCUDAKL NCDEX AUG
Unless 2965 ranges is breached convincingly upside, may trade sideways to weak.
KAPAS NCDEX APR25
A direct voluminous fall below 1594 may call for 1585/1578 ranges. Else, pullbacks are likely.
COTTON CANDY MCX JUL
Choppy moves expected.
CASTOR NCDEX AUG
Dips to 5880/5830 ranges may not be ruled out before bouncing back. However, such moves stretching beyond 5780 may see weakness creeping in.
GUARSEED NCDEX JUL
5460 is the immediate resistance and a voluminous rise above the same may call for 5480/5520 or more. Inability to clear the same may call for sideways to weak trades with support seen at 5390/5340.
GUARGUM NCDEX JUL
Dips to 10630/10540 range may not be ruled out. A direct voluminous rise above 10820 may improve sentiments.
SUNOIL NCDEX JUL
Choppy to weak trades expected. However, a direct voluminous rise above 935 may call for 942 or more.
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