Agri Commodity Technical Report 23 July 2024 - Geojit Financial Services Ltd
JEERA NCDEX AUG
While there prevails a weak bias, pullbacks to 26500/27000 ranges may not be ruled out before resuming declining.
DHANIYA NCDEX AUG
Choppy to weak trades expected. A direct voluminous rise above 7320 may probably set in short covering moves.
TURMERIC NCDEX AUG
May vary inside 16600-15000 ranges.
COCUDAKL NCDEX AUG
Pullbacks to 2970/2995 ranges may not be ruled out even as there is a weak bias. However, pullbacks stretching beyond 3005 may set in more short covering moves. On the downside, slippage past 2905 may intensify weakness.
KAPAS NCDEX APR25
1628 is the immediate resistance and a voluminous rise above the same is required for continuation of upward momentum. Inability to clear the same may see sideways to weak trades.
COTTON CANDY MCX JUL
Choppy moves expected.
CASTOR NCDEX AUG
May inch higher. However, a direct voluminous fall past 6020 may see weakness creeping in.
GUARSEED NCDEX AUG
As long as support at 5410 is held downside, pullbacks may be seen. However, a voluminous and sustained rise above 5580 is required for the sentiments to improve.
GUARGUM NCDEX AUG
May vary inside 10970-10580 ranges.
SUNOIL NCDEX JUL
May inch up.
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