Agri Commodity Technical Report 07 August 2024 - Geojit Financial Services Ltd
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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 7140/7240 ranges may not be ruled out before resuming declining. An unexpected rise above 7420 may set in short covering moves.
TURMERIC NCDEX OCT
Pullbacks to 16700/16850 or even more may not be ruled out even as there is a weak bias. However, such moves stretching beyond 17250 may improve sentiments.
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 resistance.
COTTON CANDY MCX SEP
Choppy moves expected
CASTOR NCDEX SEP
May vary inside 6340-6150 ranges and a voluminous break from either end of the consolidation range could probably lend fresh direction for the day.
GUARSEED NCDEX SEP
Pullbacks to 5420-5460 ranges may not be ruled out. However, a direct voluminous fall past 5320 may see weakness intensifying.
GUARGUM NCDEX SEP
Pullbacks being witnessed could stretch towards 10700-10800 ranges. However, A voluminous rise above 10960 is required for the sentiments to improve for the day. Inability to clear the same may call for choppy to weak trades.
SUNOIL NCDEX AUG
Choppy moves expected.
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