Agri Commodity Technical Report 16 May 2024 - Geojit Financial Services Ltd
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JEERA NCDEX JUN
Even as there prevails a positive bias, profit booking towards 26400 or even more may not be ruled out.
DHANIYA NCDEX JUN
7510 is the immediate resistance and a voluminous rise above the same may call for 7580 or even more. Inability to clear the same may call for corrective dips to 7450/7350 ranges.
TURMERIC NCDEX JUN
The bounce back seen after taking support around 17600 requires clearing the resistance of 18500 convincingly for continuation of upward momentum. Inability to clear the same may call for dips to 18050 or more.
COCUDAKL NCDEX JUN
2605 is the immediate support, which if held downside may call for a bounce back. Sustained trades below the same may see weakness creeping in.
COTTON CANDY MCX MAY
Choppy moves expected.
CASTOR NCDEX JUN
May tick up as long as support at 5620 stays undisturbed downside. Slippage past the same may call for 5580 or more.
GUARSEED NCDEX JUN
Choppy trades expected. A voluminous rise above 5535 or a fall past 5405 may probably lend fresh direction.
GUARGUM NCDEX JUN
May trade sideways to weak unless 10960 is breached convincingly upside. A direct voluminous fall past 10650 could intensify weakness.
SUNOIL NCDEX MAY
A rise above 864 or a fall past 842 may lend fresh directions.
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