Buy Kapas, Cardamom, Mentha Oil on dips: Geojit

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Kapas, Cardamom and Mentha Oil on dips.

Cardamom Feb mcx:
Cardamom prices traded higher after making a low of 712.50, closed the day at 742.5. For the day, if prices penetrate above 750 rallies may extend towards 767 followed by 782 levels that we favour initially. However, on the lower side, if prices able to break below 710 there may be a major sell off towards 690 followed by 675 levels in the near term.

Resistances: 750/767/782
Supports: 730/710/690/675

Pepper Feb ncdex:
Pepper prices initially traded higher after making a high of 29940, it closed the day at 29435. Looking forward, 30600-29300 levels are the key points to act as a short term turn around points. However, on the upside, 14 moving average resistance i.e. 30900 would be another hurdle for bulls in the immediate run.

Resistances: 30000/30600/30900/31100
Supports: 29300/28700

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To read the full report click on the attachment