Agri Commodity Technical Report 16 July 2024 - Geojit Financial Services Ltd
JEERA NCDEX AUG
Pullbacks to 27150-27500 ranges may not be ruled out even as there prevails a weak bias. A direct voluminous fall past 26350 may call for more downsides.
DHANIYA NCDEX AUG
Pullbacks to 7280/7350 ranges may not be ruled out. However, a voluminous rise above 7460 is required for the sentiments to improve. A direct fall below 7180 may intensify weakness.
TURMERIC NCDEX AUG
Pullbacks to 15700-15900 ranges may not be ruled out even as there prevails a weak bias. A direct fall below 15000 may intensify weakness.
COCUDAKL NCDEX AUG
Downside correction being witnessed currently may continue towards 2990-2970 ranges before bouncing up. However, such moves stretching beyond 2950 may see weakness creeping in.
KAPAS NCDEX APR25
May vary inside 1628-1588 ranges.
COTTON CANDY MCX JUL
Choppy moves expected.
CASTOR NCDEX AUG
Even as there prevails a positive bias, a rise above 6240 or a fall past 6120 may lend fresh directions for the day.
GUARSEED NCDEX AUG
As long as support at 5470 is held downside, pullbacks are likely. However, a voluminous rise above 5585 is required for the sentiments to improve.
GUARGUM NCDEX AUG
10680 is the immediate support and slippage past the same may call for 10640- 10580 or even more. Else, may hold the same for a bounce up.
SUNOIL NCDEX JUL
905 is the immediate support and slippage past the same may call for 892 or more. Else, may hold the same for a bounce up.
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