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Agri Commodity Technical Report 24 May 2024 - Geojit Financial Services Ltd
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JEERA NCDEX JUN
May trade sideways with mild positive bias as long as support at 28500 is held downside.
DHANIYA NCDEX JUN
Profit booking towards 7620/7510 ranges may not be ruled out. Alternatively, a direct voluminous rise above 7840 may call for 7880/7920 or more.
TURMERIC NCDEX JUN
Corrective declines being witnessed currently may continue towards 19200/18800 ranges before bouncing back. However, sustained trades below 18800 may lessen prevailing positive bias.
COCUDAKL NCDEX JUN
May vary inside 2760-2580 ranges.
COTTON CANDY MCX MAY
Choppy moves expected.
CASTOR NCDEX JUN
A movement inside 5800-5620 ranges expected.
GUARSEED NCDEX JUN
5465 is the immediate support, which if held downside may call for a bounce up. Slippage past the same may call for 5435/5405 or even more.
GUARGUM NCDEX JUN
Dips to 10750-10680 ranges may not be ruled out. However, such moves stretching beyond 10650 may see weakness creeping in.
SUNOIL NCDEX MAY
May inch higher. An unexpected fall below 864 may lessen prevailing positive bias.
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