Agri Commodity Technical Report 06 August 2024 - Geojit Financial Services Ltd
JEERA NCDEX SEP
Pullbacks to 26400/26900 ranges may not be ruled out even as there prevails a weak bias. Sustained trades below 25500 may call for more downsides.
DHANIYA NCDEX SEP
While there prevails weakness, pullbacks to 7230-7260 ranges may not be ruled out before resuming declining. An unexpected rise above 7420 may set in short covering moves.
TURMERIC NCDEX OCT
May trade sideways to weak unless 17250 is breached convincingly upside.
COCUDAKL NCDEX SEP
Pullbacks to 3020/3040 ranges may not be ruled out. However, a direct voluminous fall past 2970 may call for 2940 or more.
KAPAS NCDEX APR25
May trade sideways to weak and a voluminous fall past 1560 may intensify weakness. On the upside, 1590 range may act as stiff reisitance.
COTTON CANDY MCX SEP
Choppy moves expected
CASTOR NCDEX SEP
Choppy trades with mild positive bias expected. A direct fall below 6150 may call for more downside correction.
GUARSEED NCDEX SEP
Even as there prevails a weak bias, pullbacks to 5390/5450 ranges may not be ruled out.
GUARGUM NCDEX SEP
Pullbacks to 10620/10740 ranges may not be ruled out even as there prevails a weak bias.
SUNOIL NCDEX AUG
Choppy moves expected
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