Agri Commodity Technical Report 18 April 2024 - Geojit Financial Services Ltd
JEERA NCDEX MAY
Pullbacks to 22100-22500 ranges may not be ruled out even as there prevails a weak bias. Such moves stretching beyond 22500 accompanied by considerable volume may set in more short covering moves.
DHANIYA NCDEX MAY
Pullbacks to 7530/7680 may not be ruled out even as there prevails a weak bias.
TURMERIC NCDEX JUN
Dips to 17150/16900 ranges may not be ruled out. A direct voluminous rise above 17600 may call for more upside.
COCUDAKL NCDEX MAY
2610 is the immediate resistance and a voluminous rise above the same may call for 2635 or more. Inability to clear the same may call for sideways to weak trades.
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
May trade with a mild positive bias as long as support at 5430 is held downside.
GUARGUM NCDEX MAY
May trade sideways with mild positive bias as long as support at 10800 is held downside.
SUNOIL NCDEX APR
A rise above 886 or a fall past 860 may lend fresh directional move.
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