Agri Commodity Technical Report 25 April 2024 - Geojit Financial Services Ltd
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JEERA NCDEX MAY
May tick higher. However, an unexpected fall below 22200 may call for downside correction.
DHANIYA NCDEX MAY
May trade sideways with mild positive bias as long as support at 7400 is held downside.
TURMERIC NCDEX JUN
Even as there prevails a positive bias, corrective dips to 18900/18600 ranges may not be ruled out.
COCUDAKL NCDEX MAY
Unless 2610 is breached convincingly upside, may trade sideways to weak. On the downside, a voluminous fall past 2520 could intensify weakness.
COTTON CANDY MCX MAY
Choppy moves expected.
KAPAS NCDEX APR24
Choppy moves expected
CASTOR NCDEX MAY
Higher level selling likely unless 5910 is breached convincingly upside.
GUARSEED NCDEX MAY
While there prevails a positive bias, dips to 5556/5520 ranges may not be ruled out. However, such moves stretching beyond 5470 may lessen the prevailing positive bias.
GUARGUM NCDEX MAY
Dips to 11140/11020 ranges may not be ruled out even as there prevails a positive bias.
SUNOIL NCDEX APR
A rise above 886 or a fall past 860 may lend fresh directional move.
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