Agri Commodity Technical Report 17 October 2023 - Geojit Financial Services
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JEERA NCDEX NOV
May inch higher, however, an unexpected fall below 56150 may call for more downside correction.
DHANIYA NCDEX NOV
May trade sideways to weak unless 6950 is breached convincingly upside.
TURMERIC NCDEX DEC
Short covering moves may continue and a voluminous rise above 14500 ranges may improve sentiments. Inability to clear 14500 may call for sideways to weak trades.
COCUDAKL NCDEX DEC
A direct voluminous rise above 2845 may improve sentiments. On the downside, a fall past 2750 may call for more downsides.
COTTON CANDY MCX NOV
Choppy trades seen.
KAPAS NCDEX APR24
May trade sideways to weak unless 1656 is breached convincingly upside.
CASTOR NCDEX NOV
A direct rise above 6140 may improve sentiments. Inability to clear the same may call for sideways to weak trades.
GUARSEED NCDEX NOV
May trade sideways to weak unless 5760 is breached convincingly upside.
GUARGUM NCDEX NOV
A voluminous rise above 11680 is required for continuation of upward momentum. Inability to clear the same may call for sideways to weak trades.
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