Agri Commodity Technical Report 10 April 2024 - Geojit Financial Services Ltd
JEERA NCDEX MAY
May tick higher. However, a voluminous rise above 23750 is required for the sentiments to improve. Inability to clear the same may call for sideways to weak trades.
DHANIYA NCDEX MAY
Pullbacks to 7710/7800 ranges may not be ruled out even as there prevails a weak bias.
TURMERIC NCDEX JUN
A rise above 17800 or a fall past 16800 may lend fresh direction moves for the day.
COCUDAKL NCDEX MAY
Pullbacks to 2610-2630 ranges may not be ruled out even as there prevails a weak bias. On the downside, a direct fall below 2560 could intensify weakness.
COTTON CANDY MCX MAY
Choppy to weak moves expected.
KAPAS NCDEX APR24
A voluminous rise above 1535 may set in short-covering moves. Else, expect choppy to weak trades.
CASTOR NCDEX MAY
A direct fall below 5880 may see weakness intensifying. Else, expect to hold the same for a bounce up.
GUARSEED NCDEX MAY
5380 is the immediate support and a voluminous fall past the same may call for 5340-5300 or more. On the upside 5480- 5520 may act as stiff resistance range.
GUARGUM NCDEX MAY
Witnessing downside correction could continue. On the upside, a voluminous rise above 10960 is required for sentiments to improve.
SUNOIL NCDEX APR
A rise above 886 or a fall past 860 may lend fresh directional move.
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