Agri Commodity Technical Report 14 August 2024 - Geojit Financial Services Ltd
JEERA NCDEX SEP
May trade sideways to weak unless 26750 is breached convincingly upside.
DHANIYA NCDEX SEP
Weakness may continue. An unexpected rise above 7020 may set in short-covering moves.
TURMERIC NCDEX OCT
As long as resistance near 16500 caps, may trade sideways to weak. A direct voluminous fall past 15800 could intensify weakness.
COCUDAKL NCDEX SEP
Even as there prevails a positive bias, dips to 3120/3090 ranges may not be ruled out.
KAPAS NCDEX APR25
1598 is the immediate resistance and a voluminous rise above the same may call for 1610-1615 or even more. Inability to clear the same may call for dips towards 1580 or more.
COTTON CANDY MCX SEP
Choppy moves expected
CASTOR NCDEX SEP
Unless 6380 is breached convincingly upside, may trade sideways to weak with support seen at 6210/6160 ranges.
GUARSEED NCDEX SEP
More downsides are probably in store unless 5395 is breached upsides accompanied by considerable volumes.
GUARGUM NCDEX SEP
Weakness may be seen. However, a direct voluminous rise above 10590 could set in some short-covering moves.
SUNOIL NCDEX AUG
Choppy moves expected.
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