Geojit Comtrade has come out with its report on
agricultural commodities. The research firm has recommended to buy Jeera
on dips, sell RM Seed below Rs 3610 and Chana on pullbacks in its
report dated April 10, 2013.
Jeera May NCDEX: Trend remains positive and as prices stays above 13900, could see buying towards 14300 levels for the day.
RM seed May NCDEX: In the daily candle stick, dark cloud cover pattern indicates bullish trend is exhausted and expect to see lower correction if prices break below 3610 levels.
Chana May NCDEX: If unable to trade above 3594 could see profit booking towards 3545 levels.
Pepper May NCDEX: Pepper prices bounced back from the low of 35435 and closed the day at 35700. As the daily RSI is still showing negative divergence, expect a lower price correction towards 35200 followed by 34800/34500 levels. On the higher side, any trades above 36000 could negate such bearish expectations and start the next leg of bullish rally towards 36300/36500 levels.
Turmeric May NCDEX: Turmeric prices continued the upside momentum and closed at 7060 levels. In the hourly chart, if prices are able to sustain above 6910, sentiments favour a big rally, which may cater prices higher towards 7176 or even more towards 7216 levels. On the lower side, deep correction is seen only a break below 6810 levels for the day.(http://www.moneycontrol.com/news/brokerage-recos-commodities/sell-chanapullbacks-geojit-comtrade_850335.html)
Jeera May NCDEX: Trend remains positive and as prices stays above 13900, could see buying towards 14300 levels for the day.
RM seed May NCDEX: In the daily candle stick, dark cloud cover pattern indicates bullish trend is exhausted and expect to see lower correction if prices break below 3610 levels.
Chana May NCDEX: If unable to trade above 3594 could see profit booking towards 3545 levels.
Pepper May NCDEX: Pepper prices bounced back from the low of 35435 and closed the day at 35700. As the daily RSI is still showing negative divergence, expect a lower price correction towards 35200 followed by 34800/34500 levels. On the higher side, any trades above 36000 could negate such bearish expectations and start the next leg of bullish rally towards 36300/36500 levels.
Turmeric May NCDEX: Turmeric prices continued the upside momentum and closed at 7060 levels. In the hourly chart, if prices are able to sustain above 6910, sentiments favour a big rally, which may cater prices higher towards 7176 or even more towards 7216 levels. On the lower side, deep correction is seen only a break below 6810 levels for the day.(http://www.moneycontrol.com/news/brokerage-recos-commodities/sell-chanapullbacks-geojit-comtrade_850335.html)
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