Agri Commodity Technical Report 22 February 2024 - Geojit Financial Services
JEERA NCDEX MAR
Profit booking seen after the upswing may continue towards 26400 ranges for where a bounce up may not be ruled out. A sustained rise above 27800 may call for more upsides.
DHANIYA NCDEX APR
Dips to 7700/7620 ranges may not be ruled out. However, a direct voluminous rise above 7950 may call for more upsides.
TURMERIC NCDEX APR
Downside correction being witnessed currently may continue towards 15250-15100 or even more. A rise above 15800 accompanied by considerable volume is required for continuation of upward momentum.
COCUDAKL NCDEX MAR
Dips to 2600-2580 ranges may not be ruled out unless 2645 is breached convincingly upside.
COTTON CANDY MCX FEB
Choppy moves expected.
KAPAS NCDEX APR24
Choppy to weak trades expected unless 1585 is breached convincingly upside. A voluminous fall past 1540 may lessen prevailing positive bias.
CASTOR NCDEX MAR
May tick higher. However, a fall past 5680 may see weakness creeping in again.
GUARSEED NCDEX MAR
Downside correction towards 5410/5360 ranges may not be ruled out before resuming rising. However, such moves stretching beyond 5330 may probably see weakness creeping in.
GUARGUM NCDEX MAR
Corrective dips to 10420/10310 ranges may not be ruled out. A direct voluminous rise above 10650 may improve sentiments.
SUNOIL NCDEX FEB
May vary inside 852-830 and a break out from either end of the aforementioned range may lend fresh direction for the day.
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