Agri Commodity Technical Report 3 April 2024 - Geojit Financial Services
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JEERA NCDEX MAY
Even as there prevails a weak bias, pullbacks to 23050/23450 ranges may not be ruled out.
DHANIYA NCDEX MAY
7940 is the immediate resistance that has to be breached convincingly for continuation of upward momentum. Inability to clear the same may call for sideways to weak trades.
TURMERIC NCDEX APR
The bounce back seen after taking support around 16100 ranges could stretch towards 16800-17000 or even more. Alternatively, slippage past 16200 may call for more downsides.
COCUDAKL NCDEX MAY
Dips to 2640-2630 ranges may not be ruled out. A direct rise above 2685 may call for 2710 or even more.
COTTON CANDY MCX MAY
Choppy moves expected.
KAPAS NCDEX APR24
Choppy to weak trades expected unless 1575 is breached convincingly upside.
CASTOR NCDEX MAY
GUARSEED NCDEX MAY
Unless 5295 is breached convincingly upside, choppy to weak trades may be seen with support seen at 5235/5205.
GUARGUM NCDEX MAY
A voluminous rise above 10500 ranges required for continuation of upwards momentum. Inability to clear the same may call for sideways to weak trades.
SUNOIL NCDEX APR
May trade sideways with mild positive bias as long as support at 862 is held downside.
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