Buy Pepper on dips; sell Cardamom, Sugar on pullback:Geojit

Pepper July NCDEX: Prices have already broken the major consolidation resistance of 39300 levels yesterday. Next key levels to watch the upside is 40000. Sustained trades above the same may lift prices higher towards 41000 followed by 41400 levels. But, it has to break above 41500 for triggering next bullish waves in the near term. On the other side, any break off below 37900 levels could see a downside correction.

Cardamom June MCX: As long as prices stay below the key support of 1300 we may see a selling pressure towards 1250 followed by 1235/1220 levels in the immediate run. Moreover prices are trading below 13, 22, 45 day EMAs, suggesting further downside potential. On the other side, only a break above 1382 would ensure bullishness to re-emerge in the counter.

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