Geojit advices to buy Kapas, Refined Soyoil on dip

Kapas April NCDEX: Sustain to trade above 1155; expect a bounce back towards 1165 followed by 1184 levels.

Refined Soy oil Sep NCDEX: We expect an upside rally continue to see towards 798 followed by 801/805 levels as prices broke the key upside trend channel resistance of 790.

Pepper Sep NCDEX: Prices plummeted sharply from a high of 43600 and finally closed the day at 42280 levels. A major horizontal trend line support is visible at 42000 levels, break of the same below may continue the fall towards 41500 followed by 41000 levels for the day. In addition, the daily RSI is at 38, implying further potential to fall. Conversely, inability to smash below 42000 could see a pullback rally towards 42800 levels.

Jeera Sep NCDEX: Jeera prices traded higher and later it settled the day at 16310. A crucial internal trend line resistance is seen at 16400 levels, a voluminous break above the same could result a major rally towards 16520 followed by 16750 levels for the day. However, if unable to surpass 16400 could dilute the short covering rally and pull down prices towards 16000 levels in the near term.

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