Buy Kapas, Sugar, Jeera on dips: Geojit Comtrade
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Kapas, Sugar and Jeera on dips, in its report dated July 05, 2012.
July 05, 2012 / 13:44 IST
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Kapas, Sugar and Jeera on dips, in its report dated July 05, 2012.
Gur Sep NCDEX: As long as prices stay above the support of 1225, the sentiments look bullish. Therefore, for the day we expect to see prices continue the rally towards 1250 followed by 1272 levels. Moreover, an increase in volume and daily RSI indicates the near term bullish outlook. On the lower side, break below 1200 could dent our bullish expectations and take prices lower.SugarM200 Aug NCDEX: Prices skyrocketed yesterday after it broke the resistance of 3020 levels. Therefore, we expect an initial profit booking before initiating the next bullish rally towards 3100 followed by 3130 levels for the day. Moreover, increased volumes in the daily charts are also strengthening the upside. On the lower side, if profit booking surpass below 3050 it could negate the bullish view.Kapas April NCDEX: If prices are able to trade and sustain above the support of 1020 then bullish momentum may continue towards 1045 levels.Jeera Aug NCDEX: A mild profit booking in the early session and later it might continue its bullish momentum for the day.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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