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Agri Commodity Technical Report 22 May 2024 - Geojit Financial Services Ltd
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JEERA NCDEX JUN
29800 is the immediate resistance that has to be breached convincingly for continuation of upward momentum. Inability to clear the same may call for profit booking.
DHANIYA NCDEX JUN
Even as more upsides are probably in store, dips to 7550/7470 ranges may not be ruled out
TURMERIC NCDEX JUN
Could stretch gains. However, dips to 18750/18400 ranges may not be ruled out as well.
COCUDAKL NCDEX JUN
Corrective dips to 2685-2670 ranges may not be ruled out even as there prevails a positive bias. However, sustained trades below 2670 could lessen the positive sentiments.
COTTON CANDY MCX
MAY Choppy moves expected.
CASTOR NCDEX JUN
A movement inside 5800-5620 ranges expected.
GUARSEED NCDEX JUN
May tick higher. However, a direct voluminous fall past 5470 could call for 5470/5405 ranges.
GUARGUM NCDEX JUN
May stretch gains as long as support at 10650 is held downside.
SUNOIL NCDEX MAY
More upsides are probably in store. However, dips to 865/859 ranges may not be ruled out before bouncing up.
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