Agri Commodity Technical Report 9 November 2023 - Geojit Financial Services Ltd
JEERA NCDEX DEC
Weak bias expected. However, a rise above 45850 may improve sentiments.
DHANIYA NCDEX DEC
7500 is the immediate support, which if held downside may call for a bounce up. Sustained trades below the same may call for 7460/7380 ranges.
TURMERIC NCDEX DEC
May trade sideways to weak unless 13860 is breached convincingly upside.
COCUDAKL NCDEX DEC
2850 is the immediate support, which if held downside may call for a bounce up, possibly towards 2890/2915-2930. A voluminous fall past 2850 may call for 2835/2815 or even more.
COTTON CANDY MCX NOV
Weakness seen.
KAPAS NCDEX APR24
Even as there prevails a weak bias, pullbacks to 1590-1596 ranges may not be ruled out. A direct voluminous fall past 1672 may intensify weakness.
CASTOR NCDEX DEC
A voluminous rise above 5960 is required for continuation of short covering moves. Inability to clear the same may call for sideways to weak trades. A direct fall below 5750 may intensify weakness.
GUARSEED NCDEX DEC
While there prevails a weak bias, pullbacks to 5690-5710/5750 ranges may not be ruled out. A direct voluminous fall below 5585 may strengthen weakness.
GUARGUM NCDEX DEC
11140 is the immediate support and slippage past the same may intensify weakness. Else may hold the same for a bounce up, possibly towards 11360- 11420/11540 ranges. However, a voluminous rise above 11640 is required for sentiments to improve
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