Sell NCDEX Jeera on rally: Geojit Comtrade

Geojit Comtrade has come out with its report on CPO, Jeera and Cocud. According to the research firm, one can buy CPO, Cocud on dips and sell Jeera on pullbacks.

Jeera Mar NCDEX: Jeera prices retrieved back from the support of 13390 and closed the day at 13547.5 levels. In the hourly chart, if unable to move above 13600, cluster EMA’s, might pressurize the weak momentum and expect to see downfall towards 13390 followed by 13250 levels. Any direct bounce back above 13600 could lift the prices

Pepper Mar NCDEX: Prices corrected lower from 37100 and settled the day at 36250. As long as the upper trend line resistance obstruct further upside moves at 37400, a choppy trading session within the range of 37400-36000 levels might be seen for the day. On the lower side, break below the support of 36000, could see selling pressure towards 35500 levels. Likewise, acute rise above 37400 could lift prices higher to 38000 levels.

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