Agri Commodity Technical Report 08 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
Choppy to weak trades likely unless 7460 is breached convincingly upside.
TURMERIC NCDEX AUG
May trade sideways to weak unless 17300 range is breached convincingly upside.
COCUDAKL NCDEX AUG
May inch higher. However, a direct voluminous fall past 2905 may call for more downside correction.
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
May stretch gains. However, a fall past 5860 may lessen the prevailing positive bias.
GUARSEED NCDEX JUL
Dips to 5425/5390 ranges may not be ruled out. However, such moves stretching beyond 5340 may intensify weakness. On the upside, a voluminous rise above 5495 may call for 5510-5540 ranges or even more.
GUARGUM NCDEX JUL
Dips to 10680/10590 ranges may not be ruled out. A voluminous rise above 10860 may call for 10940 or more.
SUNOIL NCDEX JUL
May trade sideways to weak unless 935 is breached convincingly upside.
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