Agri Commodity Technical Report 08 May 2024 - Geojit Financial Services Ltd
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JEERA NCDEX JUN
While more upsides are probably in store, dips to 25250/24700 ranges may not be ruled out as well.
DHANIYA NCDEX JUN
May trade sideways to weak unless 7530 is breached convincingly upside.
TURMERIC NCDEX JUN
Pullbacks to 18600-18800 ranges may not be ruled out even as there prevails a weak bias.
COCUDAKL NCDEX JUN
Dips to 2615-2605 ranges may not be ruled out before bouncing back. However, such moves stretching beyond 2580 may see weakness creeping in.
COTTON CANDY MCX MAY
Choppy moves expected.
CASTOR NCDEX JUN
Weak bias expected. However, a unexpected rise above 5720 may set in shortcovering moves.
GUARSEED NCDEX JUN
5535 is the immediate resistance and a voluminous rise above the same may call for 5560-5590 or even more. Inability to clear the same may call for choppy to weak trades and slippage past 5430 may intensify weakness.
GUARGUM NCDEX JUN
A direct voluminous rise above 10960 may call for 11020-11080 or even more. As long as this level caps, choppy trades with a weak bias expected. Slippage past 10750 may intensify weakness.
SUNOIL NCDEX MAY
Even as there prevails a weak bias, pullbacks to 858/864 ranges may not be ruled out.
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