Agri Commodity Technical Report 12 July 2024 - Geojit Financial Services Ltd
JEERA NCDEX AUG
May trade sideways to weak unless 28700 is breached convincingly upside.
DHANIYA NCDEX AUG
Choppy to weak trades likely unless 7460 is breached convincingly upside.
TURMERIC NCDEX AUG
16250 is the immediate resistance, which if breached convincingly upside may call for 16400 or more. . Inability to clear the same may call for sideways to weak trades.
COCUDAKL NCDEX AUG
Even as there prevails a positive bias, dips to 3035/3010 ranges may not be ruled out.
KAPAS NCDEX APR25
As long as support at 1604 is held downside, may trade sideways with mild positive bias.
COTTON CANDY MCX JUL
Choppy moves expected.
CASTOR NCDEX AUG
May inch higher. A direct fall below 6120 may call for more downside correction.
GUARSEED NCDEX AUG
Dips to 5510/5480 ranges may not be ruled out. 5610 may act as key resistance upside even as there prevails a positive bias.
GUARGUM NCDEX AUG
10960 is the immediate resistance and a voluminous rise above the same may call for 11020/11120 ranges or even more. Inability to clear the same may call for corrective dips to 10780/10680 ranges.
SUNOIL NCDEX JUL
May tick higher. However, a fall below 905 or a rise above 935 is required for fresh directional moves.
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