Agri Commodity Technical Report 27 December 2023 - Geojit Financial Services
JEERA NCDEX JAN
35000 is the immediate support and slippage past the same may intensify weakness. Else may hold the same for a bounce up.
DHANIYA NCDEX JAN
While there prevails a weak bias, a movement inside 7600-7100 ranges is anticipated and a voluminous break from either sides of the above mentioned range may lend fresh direction.
TURMERIC NCDEX APR
May trade sideways to weak with support seen at 14100/13800. However, a voluminous rise above 14680 accompanied by considerable volume may set in short covering moves.
COCUDAKL NCDEX JAN
May stretch gains. However, an unexpected fall below 2740 may dampen sentiments.
COTTON CANDY MCX DEC
Choppy moves expected.
KAPAS NCDEX APR24
As long as support at 1552 is held downside, may trade sideways with a mild positive bias.
CASTOR NCDEX JAN
A direct fall below 5680 or a rise above 5850 may lend fresh direction for the day.
GUARSEED NCDEX JAN
A voluminous rise above 5625 is required for continuation of upward momentum. As long as this range caps, may trade sideways to weak with support seen at 5470/5420 ranges.
GUARGUM NCDEX JAN
10850 is the immediate support, which if held downside, may call for a bounce up. However, a direct fall below the same may call for more downside correction.
SUNOIL NCDEX JAN
Pullbacks to 836/845 ranges may not be ruled out even as there prevails a weak bias.
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