Agri Commodity Technical Report 11 January 2024 - Geojit Financial Services
JEERA NCDEX MAR
Weakness prevails. An unexpected rise above 28100 may set in some shortcovering moves.
DHANIYA NCDEX APR
Unless 8050 is breached convincingly upside, may trade sideways to weak. A voluminous fall past 7580 could call for more downsides.
TURMERIC NCDEX APR
A rise above 13500 or a fall past 12800 may lend fresh direction for the day
COCUDAKL NCDEX FEB
May vary inside 2690-2745 ranges and a voluminous break from either end of the aforementioned range may lend fresh direction for the day.
COTTON CANDY MCX JAN
Choppy moves expected.
KAPAS NCDEX APR24
Pullbacks to 1538/1545 ranges may not be ruled out. However, a direct voluminous fall past 1522 could intensify weakness.
CASTOR NCDEX FEB
Higher level selling likely unless 5750 is breached convincingly upside.
GUARSEED NCDEX FEB
5390 is the immediate support and a direct voluminous fall past the same may intensify weakness. On the upside a direct rise above 5525 could call for more upsides.
GUARGUM NCDEX FEB
0550 is the immediate support and slippage past the same may call for 10480/10360 or even more. A direct rise above 10720 may call for 10800-10920 or even more.
SUNOIL NCDEX JAN
Dips to 836/832 ranges may not be ruled out before inching up. And such moves stretching beyond 828 may weaken sentiments. Alternatively, a rise above 852 could call for more upsides.
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