Sell Dhaniya below Rs 3520; CPO on pullback: Geojit

Dhaniya July NCDEX: If prices are able to break below 3520 levels with streaming volume, we expect continuation of lower correction towards 3440 followed by 3350 levels in the near term.

Pepper July NCDEX: If prices are able to stay above 40000 levels, positive sentiments are still on cards in the near term. Therefore, for the day we expect to see rise in prices towards 41000 followed by 41500 levels. The rally may continue provided prices can break and flourish above 41500 to tender out towards 43200 levels in the near term. However, any trade below 37900 would be an early signal of bearish turnaround.

CPO July MCX: Prices already broke the major support of 538 levels on yesterday. For the day, persistent trades below 530 would see the continuation of fall towards 520 followed by 517 levels. Moreover, MACD histogram signals also confirm negative sentiments for the day. On the other side, a pullback rally above 540 may negate the current bearish sentiments.

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