Agri Commodity Technical Report 16 April 2024 - Geojit Financial Services Ltd
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JEERA NCDEX MAY
May trade sideways to weak unless 22500 is breached convincingly upside.
DHANIYA NCDEX MAY
Pullbacks to 7530/7680 may not be ruled out even as there prevails a weak bias.
TURMERIC NCDEX JUN
Even as there prevails a weak bias, a rise above 16500 or a fall past 16000 may lend fresh directional move for the day.
COCUDAKL NCDEX MAY
May trade sideways to weak unless 2610 is breached convincingly upside.
COTTON CANDY MCX MAY
Choppy moves expected.
KAPAS NCDEX APR24
Weak bias expected.
CASTOR NCDEX MAY
May trade sideways to weak unless 5960 is breached convincingly upside.
GUARSEED NCDEX MAY
5430 is the immediate support, which if held downside may call for a bounce up. Slippage past the same may call for more downside correction towards 5390 or even more.
GUARGUM NCDEX MAY
Dips to 10700/10600 ranges may not be ruled out. However, such moves stretching beyond 10460 may dampen sentiments.
SUNOIL NCDEX APR
A rise above 886 or a fall past 860 may lend fresh directional move.
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