Sell RM Seed below Rs 4190: Geojit Comtrade

Geojit Comtrade has come out with its report on Gur, RM Seed and Pepper. According to the research firm, one can buy Gur on dips and sell RM Seed below Rs 4190.

Pepper Nov NCDEX: Prices nosedived yesterday form a high of 44300 and closed the session at 42970. A trendline support is seen at 42800 levels, if prices held the same could see a bounce back towards 43300 followed by 43500 levels. However, if it break the support of 42800 could result continuation of yesterday’s fall towards 42500 followed by 42300 or even lower to 42000 levels.

RM Seed Nov NCDEX: Prices slipped lower from a high of 4260 and closed at 4196 levels. A major internal trendline support is seen at 4190 levels, puntures below the same could drag down prices towards 4150 followed by 4120 levels. Moreover, prices are trading well below major EMAs, igniting downfall. Conversely, if unable to do so could see pullbacks towards 4260 region in the immediate run.

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