Agri Commodity Technical Report 1 April 2024 - Geojit Financial Services
JEERA NCDEX APR
A rise above 24250 or a fall past 23000 may lend fresh direction for the day.
DHANIYA NCDEX APR
A rise above 7850 or a fall past 7580 may lend fresh direction for the day.
TURMERIC NCDEX APR
Unless 18050 is breached convincingly upside, sideways to weak trades can be expected. A direct fall below 16500 may see weakness intensifying.
COCUDAKL NCDEX APR
Even as there prevails a weak bias, may vary inside 2540-2610 ranges.
COTTON CANDY MCX MAR
Choppy moves expected.
KAPAS NCDEX APR24
While there prevails a weak bias, pullbacks to 1528/1536 ranges may not be ruled out.
CASTOR NCDEX APR
Choppy to weak trades expected. However, a direct rise above 6080 accompanied by considerable volumes may call for the recent highs or even more.
GUARSEED NCDEX APR
Short covering moves seen after the recent fall could stretch towards 5160-5200 ranges. On the downside, slippage past 5040 may intensify weakness.
GUARGUM NCDEX APR
Short covering moves may continue. However 10240 may act as immediate but relative strong resistance that has to be breached convincingly for continuation of upward momentum.
SUNOIL NCDEX APR
Choppy to weak trades expected unless 872 is breached convincingly upside.
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