Geojit Comtrade advices to sell Wheat, Gur on pullback
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Wheat and Gur on pullback.
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Wheat and Gur on pullback.
Wheat June NCDEX: As long as prices caps upside at 1175, then we expect to see a lower correction towards 1150 followed by 1120 levels for the day.Gur July NCDEX: A s long as prices trade below 1175, the day’s trend seems weak and expect to see a major fall towards 1150 followed by 1133 levels for the day. On the other side, any moves above 1185 may see a pullback rally towards 1200 levels in the near term.Pepper June NCDEX: As long as 38000 caps the upside, we maintain our near term bearish outlook. At the same time if prices break below 37100, then we favour a sharp correction towards 3570, followed by 36000 levels in the near term. Conversely, on the higher side, a break of 38500 levels is required to negate the bearish view 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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