Agri Commodity Technical Report 12 January 2024 - Geojit Financial Services
JEERA NCDEX MAR
Choppy to weak trades expected. An unexpected rise above 27700 may set in some short-covering 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
2690 is the immediate support and slippage past the same may see weakness intensifying. Else may hold the same for a bounce up.
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
A voluminous rise above 10800 required for sentiments to improve. Inability to clear the same may call for sideways to weak trades.
SUNOIL NCDEX JAN
May trade sideways unless 852 is breached convincingly upside.
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