Agri Commodity Technical Report 11 January 2024 - Geojit Financial Services
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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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