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May 29, 2012, 12.30 PM IST
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Cardamom above Rs 360, sell Turmeric on pullbacks and Wheat below Rs 1170.
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Cardamom above Rs 360, sell Turmeric on pullbacks and Wheat below Rs 1170.
Cardamom June MCX: Positive sentiments could continue, if prices are able to break and sustain above 1360 levels. For the day, we expect the prices to break 1360 and extend the rally towards 1385 followed by 1410 levels. On the other side, any break below 1290, a mild profit booking may be seen towards 1250 regions in the immediate run. Pepper June NCDEX: Bullish outlook will prevail as long as prices stay above 39300 levels for the day. But for a major rally to re start, it has to break above 41000 towards a target of 41500 followed by 42000 levels. The daily RSI is at 58 indicating a potential for upward journey. Conversely, any break of below 37800 may see downside correction in the near term. Wheat June NCDEX: Any break of below 1170, then negative sentiments may continue towards 1150 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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