Agri Commodity Technical Report 16 October 2024 - Geojit Financial Services Ltd
JEERA NCDEX NOV
Choppy to weak trades likely unless 26500 is breached convincingly upside.
DHANIYA NCDEX NOV
May vary inside 7680-7300 ranges.
TURMERIC NCDEX DEC
May vary inside 13400-14400 ranges and a voluminous break from either end of the aforementioned range could lend fresh direction for the day.
COCUDAKL NCDEX DEC
2900 is the immediate support and slippage past the same may call for 2885- 2865 or even more. Else may hold the same for a bounce up. However, a voluminous rise above 2980 range is required for the sentiments to improve.
KAPAS NCDEX APR25
1560 is the immediate support and slippage past the same may probably see weakness intensifying. On the upside, 1575/1595 may act as key resistances.
COTTON CANDY MCX NOV
Choppy moves expected.
CASTOR NCDEX NOV
May inch higher. However, an unexpected fall below 6800 may lessen the positive bias for the day.
GUARSEED NCDEX NOV
Pullbacks to 5605/5650 ranges may not be ruled out. However, a voluminous rise above 5725 is required for sentiments to improve. Inability to clear the same may call for higher level selling.
GUARGUM NCDEX NOV
11200 is the immediate support range which if held downside may call for a bounce up. A voluminous fall below the same may see downside correction continuing.
SUNOIL NCDEX OCT
While there prevails a positive bias, corrective dips are likely.
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