Agri Commodity Technical Report 5 December 2023 - Geojit Financial Services Ltd
JEERA NCDEX DEC
41400-41300 is the immediate support, which if held downside may call for a bounce up. Else, expect weakness to continue.
DHANIYA NCDEX JAN
More downside correction may not be ruled out on sustained trades below 7870. Else pullbacks may not be ruled out.
TURMERIC NCDEX APR
Choppy trades with a weak bias expected unless 15700 is breached accompanied by considerable volumes.
COCUDAKL NCDEX JAN
2820 is the immediate support, which if held downside may call for a bounce up. Sustained trades below the same may call for more downside correction possibly towards 2805-2790 or even more.
COTTON CANDY MCX DEC
Weakness seen.
KAPAS NCDEX APR24
A rise above 1578 or a fall past 1552 may lend fresh direction for the day.
CASTOR NCDEX JAN
While there prevails a weak bias, pullbacks may not be ruled out if support at 5840 is held downside.
GUARSEED NCDEX JAN
Even as there prevails a weak bias, 55605610 ranges may not be ruled out.
GUARGUM NCDEX DEC
10950 is the immediate support and slippage past the same may call for more downsides. Else may hold the same for a bounce up.
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