Sell Jeera, Gur on pullback; Pepper below Rs 33800: Geojit
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Jeera, Gur on pullback and Pepper below Rs 33800 in its report dated December 31, 2012.
December 31, 2012 / 13:50 IST
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Jeera, Gur on pullback and Pepper below Rs 33800 in its report dated December 31, 2012.
Jeera Mar NCDEX: Prices nosedived sharply after it broke the technical base of 14800 levels and later closed the day at 14677.50. We expect to see further downfall towards 14600 followed by 14400 levels, after mild shortcovering rallies. On the other side, any trades above 14920 could call for more higher pullbacks towards 15250 levels in the near term.Pepper Feb NCDEX: Prices are slowly consolidating by holding the support of 13800 levels. If it clears the same with expanding volume, then selling pressure could happen to see towards 33500 followed by 33200 or even lower to 32800 levels. However, successful attempts to break 35000 would trigger fresh bullish waves taking prices towards 35500 followed by 35730 levels in the near term.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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