Agri Commodity Technical Report 08 August 2024 - Geojit Financial Services Ltd
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JEERA NCDEX SEP
As long as support at 25500 is held downside may trade sideways with possibility of pullbacks to 26150/26500 or more.
DHANIYA NCDEX SEP
While there prevails weakness, pullbacks to 7060/7180 ranges may not be ruled out before resuming declining.
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
3045 is the immediate resistance and a voluminous rise above the same may call for 3060/3080 or even more. Inability to clear the same may see dips to 3010/2970 ranges.
KAPAS NCDEX APR25
Pullbacks to 1578/1585 ranges may not be ruled out even as there is a weak bias. However, a direct voluminous fall below 1562 may see weakness intensifying.
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
May trade sideways to weak unless 5445 is breached convincingly upside.
GUARGUM NCDEX SEP
10720 is the immediate resistance that has to be breeched convincingly for the weakness to lessen. Inability to clear the same may call for choppy trades with support seen at 10530/10400 ranges.
SUNOIL NCDEX AUG
Choppy moves expected.
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