Sell Jeera on pullbacks; RM Seed below Rs 3510: Geojit

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Jeera on pullbacks and RM Seed below Rs 3510 in its report dated March 26, 2013.

Jeera Apr NCDEX: Selling pressure could continue towards 12750 or even lower to 12500 levels, if prices clear the next immediate support of 12900.

RM seed Apr NCDEX: A strong support is seen at 3510 levels, breaking the same with volume would witness the selling movement in the counter towards 3402 levels.

Pepper Apr NCDEX: Pepper traded extremely sideways and finally settled at 35790. It has to clear the resistance of 36300 for the buyers to take control, targeting 36500/36900 levels. Unsuccessful attempts to trade above 36300 could witness selloff towards 35500-35000 regions. Meanwhile, the daily MACD histogram is indicating negative sentiments for the day.

Chana Apr NCDEX: Prices opened with a downside gap and finally settled the day at 3322 levels. A trivial technical base is seen at 3315 levels, breaks the same with spate in volume would prolong the current selloffs to 3284 followed by 3245 levels for the day. However, only a trade above 3355 would bring a chance for short covering towards 3390 levels.

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