Sell RMSeed, Refined Soy Oil; buy Pepper: Geojit
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell RMSeed, Refined Soy Oil on pullback and buy Pepper on dips.
Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell RMSeed, Refined Soy Oil on pullback and buy Pepper on dips.
RMSEED June NCDEX: A major support of 3780 was broken yesterday. consistent trade's below the same may see correction towards 3700 levels.Refined Soy oil June NCDEX: As long as 730 caps the upside, we expect to see a mild correction towards 720 levels for the day.Pepper June NCDEX: As long as prices stay above 38600, we expect near term bullishness in the counter. Therefore, we favour a further rise in prices towards 41000 followed by 41500 levels, if prices are able to clear the crucial resistance of 40700. Otherwise, a mild profit booking may be seen in the counter towards 39500 levels in the immediate run.Gur July NCDEX: While prices stay below 1150, the trend looks week and we expect to see a further sell off towards 1100 followed by 1080 levels in the near term. On the higher side, an unexpected pullback towards 1175 with increase in volume may see a pullback rally towards 1200 followed by 1225 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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