Agri Commodity Technical Report 23 November 2023 - Geojit Financial Services Ltd
JEERA NCDEX DEC
A voluminous rise above 47000 is required for continuation of upward momentum. Inability to clear the same may call for sideways to weak trades with support seen at 45200-44950/43900.
DHANIYA NCDEX DEC
Unless 8230 is breached convincingly upside, may trade sideways with support seen at 7970/7860.
TURMERIC NCDEX DEC
Unless 12860 is breached convincingly upside, may trade sideways to weak
COCUDAKL NCDEX DEC
May vary inside 3000-2880 ranges. A voluminous rise above 3015 may improve sentiments.
COTTON CANDY MCX NOV
Weakness seen.
KAPAS NCDEX APR24
May inch higher towards 1594/1610. However, a direct fall below 1568 may intensify weakness.
CASTOR NCDEX DEC
May stretch gains. However, a direct fall below 5900 may dampen sentiments.
GUARSEED NCDEX DEC
Even as there prevails weakness, pullbacks to 5680/5750 ranges may not be ruled out. A direct voluminous fall past 5525 could intensify weakness.
GUARGUM NCDEX DEC
Pullbacks to 11430/11570 ranges may not be ruled out even as there prevails a weak bias. On the downside, a fall stretching beyond 10980 may intensify weakness.
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