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Apr 18, 2012, 11.28 AM IST
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Cardamom, Gur on dips and sell Chana below Rs 3700.
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Cardamom, Gur on dips and sell Chana below Rs 3700.
CARDAMOM May MCX: As long as prices stay above 1205,a bullish momentum can be seen for the day. Chana May NCDEX: A break of 3700 with volume may see a lower correction towards 3660 followed by 3640 levels. Pepper May NCDEX: A short covering rally is in progress, but it has to break 22 day EMA resistance placed at 39600 levels for bullishness to re-enter in the counter towards a target of 40300 followed by 41000 levels. Conversely, if unable to cut above 12 day EMA resistance of 39200, then prices could get dragged into negative territory. Gur July NCDEX: Prices have broken the crucial resistance placed at 1220. If sustained above the same, then we may see prices ascending towards 1238 followed by 1250/1257 levels. Conversely, any trades below 1215 may see a profit booking till 1200 levels. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here |
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