Agri Commodity Technical Report 09 August 2024 - Geojit Financial Services Ltd
JEERA NCDEX SEP
As long as support at 25500 is held downside may trade sideways with mild positive bias. A voluminous rise above 26650 may improve sentiments.
DHANIYA NCDEX SEP
While there prevails weakness, pullbacks to 7080/7180 ranges may not be ruled out before resuming declining. A direct voluminous fall past 6920 may intensify weakness.
TURMERIC NCDEX OCT
May vary inside 16900-16050 ranges.
COCUDAKL NCDEX SEP
Dips to 3005/2970 ranges may not be ruled out. A direct voluminous rise above 3060 may improve sentiments.
KAPAS NCDEX APR25
Pullbacks to 1575/1584 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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