Agri Commodity Technical Report 18 October 2023 - Geojit Financial Services
JEERA NCDEX NOV
May tick higher, however, an unexpected fall below 56900 may call for more downside correction.
DHANIYA NCDEX NOV
May stretch gains, however, a voluminous rise above 7200 is required for continuation of upward momentum. Inability to clear the same may call for corrective dips to 6950/6840 ranges.
TURMERIC NCDEX DEC
14540 is the immediate resistance and a voluminous rise above the same may improve sentiments. Inability to clear the same may call for corrective dips towards 14000-13750 ranges.
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
A voluminous rise above 1656 or a fall past 1618 may lend fresh direction for the day
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
While more upsides are probably in store, corrective dips to 5790/5735 ranges may not be ruled out. However, such moves stretching beyond 5640 may dampen sentiments
GUARGUM NCDEX NOV
Even as more upsides are expected, dips to 11720/11630 ranges seems possible before resuming rising. An unexpected fall below 11400 may see weakness creeping in.
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