Agri Commodity Technical Report 12 September 2024 - Geojit Financial Services Ltd
JEERA NCDEX OCT
May trade sideways with mild positive bias as long as support at 24500 is held downside.
DHANIYA NCDEX OCT
Pullbacks to 6940/7020 ranges may not be ruled out even as there is a weak bias. On the downside, 6700 may act as key support.
TURMERIC NCDEX OCT
A voluminous rise above 14600 or a fall past 13800 may lend fresh direction for the day.
COCUDAKL NCDEX DEC
May trade sideways with a mild positive bias. A direct voluminous fall below 2970 may call for more downsides.
KAPAS NCDEX APR25
May trade sideways to weak unless 1638 is breached convincingly upside.
COTTON CANDY MCX SEP
Choppy moves expected.
CASTOR NCDEX OCT
A voluminous rise above 6250 is required for upward moves to gather momentum. Inability to clear the same may call for sideways to weak trades with support seen at 6080.
GUARSEED NCDEX OCT
Pullbacks to 5380/5430 ranges may not be ruled out even as there prevails a weak bias. A direct voluminous fall past 5310 may see weakness intensifying.
GUARGUM NCDEX OCT
While pullbacks to 10580/10670 may be expected, unless 10800 range is breached convincingly upside, may trade sideways to weak.
SUNOIL NCDEX SEP
Choppy to weak trades expected.
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