Buy Gur, Kapas on dips; sell Chilli on pullback: Geojit
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Gur, Kapas on dips and sell Chilli on pullback.
June 20, 2012 / 12:37 IST
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Gur, Kapas on dips and sell Chilli on pullback.
Gur July NCDEX: Prices have already broken the main trend line resistance of 1150 yesterday. Hence, we expect if prices are able to trade above the support of 1154, an upside rally will continue towards 1178 followed by 1190 levels. Conversely, on the lower side, a break of 1132 would be an early signal for bulls to subjugate bears in the near term.Kapas April NCDEX: Bullish trend may continue towards 1050 levels if prices are able to hold the support of 1000 levels.Chilli July NCDEX: Inability to sustain above 5020 levels, a lower correction is expected towards 4800 levels.Pepper July NCDEX: Prices bounced back from the crucial support of 39500 levels yesterday. Therefore, for the day, we expect prices to break 40740 and trigger rallies towards 41000 followed by 41200/41500 levels. However prices have to clear the strong upside obstacle of 41600 for the next bullish wave to emerge. Major weakness will be triggered only if prices break below 37800.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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