NCDEX Dhaniya may touch Rs 7020-7180: Geojit

Geojit Comtrade has come out with its report on Dhaniya and Pepper.  According to the research firm, NCDEX Dhaniya April Future prices are held inside the bullish triangular pattern and stiff resistance is seen at Rs 6860 levels which, if broken above with volumes could see upside moves towards Rs 7020 followed by Rs 7180 levels.

Dhaniya Apr NCDEX: Prices escalated from the support of 6534 and closed the day at 6795 levels. Prices are held inside the bullish triangular pattern and stiff resistance is seen at 6860 levels which, if broken above with volumes could see upside moves towards 7020 followed by 7180 levels. Moreover, daily RSI seems to be positive for the counter. On the other side, unexpected fall below 6660 could negate the bullish outlook for the day.

Pepper Apr NCDEX: Pepper prices continued its upside momentum, making a high of 35345 and closed the day at 35060. If prices are able to stay above 35000, expect to continue the upside moves towards 35500 followed by 36000 levels in the near term. However, on the lower side, weakness is seen only successful trades below 34600 levels for the day. In the meantime, daily RSI indicates a positive outlook for the prices.

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