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Oct 12, 2012, 02.13 PM IST | Source: Moneycontrol.com

Buy Kapas, Jeera on dips; sell Sugar below Rs 3308: Geojit

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Kapas, Jeera on dips and sell Sugar below Rs 3308, in its report dated October 12, 2012.

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Kapas, Jeera on dips and sell Sugar below Rs 3308, in its report dated October 12, 2012.

Kapas April NCDEX: If prices are able to stay above the support of 930, then anticipate a pullback to 965 levels.

Jeera Nov NCDEX: Consistent trade above 14500 could bring out a rally towards 14750 regions.

Pepper Nov NCDEX: Bullish momentum seems to be exhausted as prices closed below the support of 43830 yesterday. On daily charts, an horizontal trend line resistance is placed at 44040 levels and has to cover above the same for the bullish momentum to re-gain in the counter towards 44300 followed by 44500/44700 levels. Meanwhile, inability to surpass above could see a lower price correction towards 43500 levels for the day.

Sugar M 200 NCDEX: Prices tumbled yesterday from a high of 3368 and finally closed at 3320 levels. Selling pressure from higher levels imply negative sentiments still persist in the counter and a break below 3308 could see sell off towards 3290 followed by 3250 region in the near term. On the other side, unable to break below the same could see prices to trade sideways for the day.

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.

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