Agri Commodity Technical Report 15 March 2024 - Geojit Financial Services
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JEERA NCDEX APR
Short-covering moves could stretch. However, an unexpected fall below 23000 mat see weakness creeping in again.
DHANIYA NCDEX APR
7850 is the immediate resistance, which if breached convincingly upside could call for 7920/8040 or even more. Inability to clear the same may call for sideways to weak trades.
TURMERIC NCDEX APR
18050 is the immediate resistance that has to be breached convincingly for continuation of upward momentum for the day. Inability to clear the same may call for sideways to weak trades.
COCUDAKL NCDEX APR
May trade sideways with mild positive bias as long as support at 2620 is undisturbed downside.
COTTON CANDY MCX MAR
Weak bias expected.
KAPAS NCDEX APR24
A direct voluminous rise above 1575 may set in some short covering moves. Else, expect weakness to continue.
CASTOR NCDEX APR
May inch higher. However, a direct fall below 5880 may see weakness creeping in a gain.
GUARSEED NCDEX APR
A voluminous rise above 5245 is required for sentiments to improve. Inability to clear the same may call for sideways to weak trades.
GUARGUM NCDEX APR
Could tick higher towards 10200-10300 ranges. However, a direct voluminous fall past 9910 could intensify weakness.
SUNOIL NCDEX MAR
May inch up. However, a voluminous fall below 868 may call for more downside correction.
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