Sell Gur, Potato on pullback; buy Turmeric on dips: Geojit

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Gur, Potato on pullback and buy Turmeric on dips.

Gur July NCDEX: Price already cleared the major support of 1162 yesterday. If prices are able to sustain below the same then it could drag lower towards 1150 followed by 1133 levels in the near term. Conversely, any trade above 1175 may see a retreat rally till 1200 level but that is least anticipated today. Turmeric June NCDEX: If prices can hold the support of 3900, a bounce back is expected towards 4200 followed by 4350 levels. Pepper June NCDEX: Inability to break and sustain above 38400 (22 day EMA), we expect a range bound trading for the day. On the higher side, a direct rise above 38600-38700 regions is required to pick up major rallies towards 39200 followed by 40000. On the lower side, break of 37000 may witness sharp selling towards 36100 levels in the immediate run. 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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