Sell Mentha Oil, Maize on rally; Gur below Rs 1190: Geojit
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Mentha Oil, Maize on pullback and Gur below Rs 1190.
August 14, 2012 / 12:04 IST
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Mentha Oil, Maize on pullback and Gur below Rs 1190.
Gur Sep NCDEX: Prices tumbled yesterday from a high of 1204 and closed at 1192. A crucial trend line support is seen at 1190, smash and sustain below the same would springs an abrupt fall towards 1175 followed by 1150 levels. Besides, the daily RSI is signaling a bearish view. Alternatively, any pullback above 1230 may negate our bearish outlook for the day.Maize Sep NCDEX: Prices traded lower after making a high of 1453 and finally settled the day at 1429. As long as the 45 day EMA of 1450 caps the upside then the resultant trend remain in bearish side and expecting falls towards 1420 followed by 1400 levels. On the flip side, an acute rise above 1500 could be an early signal of re-emerging next bullish wave.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.To read the full report click on the attachment 
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
