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Agri Commodity Technical Report 12 April 2024 - Geojit Financial Services Ltd
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JEERA NCDEX MAY
A rise above 23750 or a fall past 22500 may lend fresh directions for the day.
DHANIYA NCDEX MAY
Higher level selling likely unless 7710 is breached convincingly upside.
TURMERIC NCDEX JUN
16600 is the immediate support and slippage past the same may call for 16400/16200 or even more. Else may hold the same for a bounce up.
COCUDAKL NCDEX MAY
While there exist weakness, pullbacks to 2565-2580 ranges may not be ruled out.
COTTON CANDY MCX MAY
Choppy to weak moves expected.
KAPAS NCDEX APR24
Weak bias expected.
CASTOR NCDEX MAY
Unless 5960 is breached convincingly upside, may trade sideways to weak.
GUARSEED NCDEX MAY
5310 is the immediate support, which if held downside may call for a bounce back. Slippage past same accompanied by considerable volume may call for 5280/5245 ranges.
GUARGUM NCDEX MAY
Witnessing correction may probably continue towards 10400 ranges, from where a bounce up may not be ruled out. However, such moves stretching beyond 10350 may call for more downside.
SUNOIL NCDEX APR
A rise above 886 or a fall past 860 may lend fresh directional move.
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