Buy NCDEX Soybean Apr Fut on decline: Geojit Comtrade

Geojit Comtrade has come out with its report on Maize, Soybean and Cardamom. According to the research firm, one can sell Maize below Rs 1288, Cardamom on pullbacks and buy NCDEX Soybean April Future on dips.

Soybean Apr NCDEX: Prices skyrocketed and settled the previous session at 3390. The ascending trend channel resistances of 3365 levels were broken, sustained trades above the same could lift prices to 3410 followed by 3445 levels. Moreover, a sudden increase in volume with a positive daily MACD crossover suggests bullish outlook. Any fall below 3325 could negate the current positive sentiments.

Pepper Apr NCDEX: Prices are trading extremely sideways for the last five sessions and finally closed the last session at 34710. If prices break below the support of 34400, could see selloffs to 34000 and then to 33500 levels. However, on the higher side, if prices manage to close above 35500 expect upside journey towards 36000. In the meantime, daily RSI indicates neutral bias with high volume.

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