Agri Commodity Technical Report 2 April 2024 - Geojit Financial Services
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JEERA NCDEX APR
Even as there prevails a weak bias, pullbacks to 23050/23450 ranges may not be ruled out.
DHANIYA NCDEX APR
7940 is the immediate resistance that has to be breached convincingly for continuation of upward momentum. Inability to clear the same may call for sideways to weak trades.
TURMERIC NCDEX APR
Pullbacks to 16800-17000 ranges may not be ruled out. However, such moves stretching beyond 17200 may improve sentiments.
COCUDAKL NCDEX APR
Dips to 2630-2620 ranges may not be ruled out. A direct rise above 2685 may call for 2710 or even more.
COTTON CANDY MCX MAR
Choppy moves expected.
KAPAS NCDEX APR24
May inch up. However, a voluminous rise above 1575 is required for sentiments to improve.
CASTOR NCDEX APR
GUARSEED NCDEX APR
Dips to 5235/5210 ranges may not be ruled out. However, a direct rise above 5300 may call for 5320-5340 or even more.
GUARGUM NCDEX APR
A voluminous rise above 10500 ranges required for continuation of upwards momentum. Inability to clear the same may call for sideways to weak trades.
SUNOIL NCDEX APR
May trade sideways with mild positive bias as long as support at 862 is held downside.
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