Buy NCDEX Cocud above Rs 1355: Geojit Comtrade

Geojit Comtrade has come out with its report on Cocud, CPO and Chana. According to the research firm, one can buy Cocud above Rs 1355 and sell CPO below Rs 445 and Chana on pullbacks.

Cocud Mar NCDEX: Cocud prices traded higher from a low of 1329, and finally settled the day at 1351 levels. It is mandatory to clear above 1355 for the upside rally to continue towards 1375 initially and then 1390. Moreover, positive daily RSI is also supporting the uptrend. On the other side, inability to surpass above the same could witness a choppy trading session for the day.

Pepper Mar NCDEX: After making a low of 35860 pepper prices closed the last session at 36200. It is necessary to surpass above 36700 for the major rally towards 37100 followed by 37300 levels. On the other side, Inability to trade above the 22 day EMA of 36000 could see continuation of long liquidation towards 35500. At the same time, daily RSI suggests neutral to negative bias for the day.

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