Sell Gur, Maize on pullbacks: Geojit Comtrade
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Gur and Maize on pullback in its report dated July 27, 2012.
July 27, 2012 / 12:48 IST
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Gur and Maize on pullback in its report dated July 27, 2012.
Pepper Aug NCDEX: For the day, if prices are able to trade above 13-day EMA support at 43200, the sentiments remain positive and may expect a pullback rally towards 44000 followed by 44300 levels. On the lower side, break of 42800 levels would be an early signal of major lower correction in the near term.Gur Sep NCDEX: Prices nose-dived yesterday from 1300 region and finally settled the day at 1262.5 levels. Hence, for the day, we expect a mild pullback to 1278 before resuming the selling pressure towards 1250 followed by 1230 levels. The daily RSI and MACD indicators are also suggesting a near term bearish view. On the higher side, a direct rise above 1300 levels is required to dent our bearish out look.Maize Aug NCDEX Prices plummeted sharply yesterday which may prompt continuation of downside journey towards 1460 levels.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 
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