Agri Commodity Technical Report 05 January 2024 - Geojit Financial Services
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JEERA NCDEX MAR
Dips to 28400 ranges may not be ruled out before inching up. However, an unexpected fall below 26700 may see weakness creeping in again.
DHANIYA NCDEX APR
8050 is the immediate resistance and a voluminous rise above the same may call for more upsides. Inability to clear the same may call for sideways to weak trades with support seen at 7780/7700.
TURMERIC NCDEX APR
A voluminous rise above 13900 may call for 14050/14300 or even more. Inability to clear the same may see higher level selling with supports seen around 13500/13200.
COCUDAKL NCDEX FEB
Dips to 2755/2720 ranges may not be ruled out. On the upside, a direct rise above 2790 may call for 2810 or more.
COTTON CANDY MCX JAN
Choppy moves expected.
KAPAS NCDEX APR24
May inch higher. However, a sturdy rise above 1572 accompanied by considerable volume is necessary for continuation of upward momentum. On the downside 1542-1534 is seen as key supports.
CASTOR NCDEX FEB
Sustained rise above 5780 required for more upsides. Inability to clear the same may call for sideways to weak trades.
GUARSEED NCDEX FEB
A movement inside 5280-5480 is expected and a voluminous break from either sides of the aforementioned range may lend fresh direction.
GUARGUM NCDEX FEB
Dips to 10380/10250 ranges or even more may not be ruled out as long as 10680 caps upside.
SUNOIL NCDEX JAN
A direct rise above 832 accompanied by sturdy volumes may set in some short covering rallies. Inability to clear the same may see sideways to weak trades.
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