Agri Commodity Technical Report 15 March 2024 - Geojit Financial Services
JEERA NCDEX APR
Choppy to weak trades expected and a direct voluminous fall past 23700 could intensify weakness. A direct voluminous rise above 26750 may improve sentiments.
DHANIYA NCDEX APR
7730 is the immediate support, which if held downside may call for a bounce up, possibly towards 7940-8050 ranges. Else, expect weakness to continue.
TURMERIC NCDEX APR
Profit booking may continue, however, a voluminous rise above 19200 could improve sentiments.
COCUDAKL NCDEX APR
The bounce back seen after taking support around 2675 requires a stretch beyond 2745 for sentiments to improve. Inability to clear the same may call for choppy weak trades.
COTTON CANDY MCX MAR
61250 is the immediate support and slippage past the same may call for more downside.
KAPAS NCDEX APR24
1605 is the immediate support and slippage past the same may call for 1596/1585. Else, may hold the same for a bounce up.
CASTOR NCDEX APR
May vary inside 5960-5760 ranges.
GUARSEED NCDEX APR
As long as support at 5180 is held downside, pullbacks to 5270/5325 ranges or even more may not be ruled out.
GUARGUM NCDEX APR
Higher level selling likely unless 10420 is breached convincingly upside.
SUNOIL NCDEX MAR
May inch higher. However, an unexpected fall below 880 call for downside correction, possibly towards 872/865 ranges.
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