Sell Kapas, Gur on pullbacks: Geojit

Geojit Camtrade has come out with its report on Kapas, Gur and Mentha oil. According to the research firm, one can sell kapas , gur and metha oil on pullbacks.

Pepper Oct NCDEX: Prices traded higher and closed the previous session at 43150 levels. A 22 day EMA support is seen at 43000 levels, sustain to trade above the same with volume could result a rise in prices towards 43300 followed by 43500/43800 levels. On the lower side, a break of below 42800 would be an early signal of near term weakness.

Gur Nov NCDEX: As prices broke the major support of 1180 levels yesterday, the day’s bias seems to be weak and anticipate continuation of sell offs towards 1160 followed by 1140 levels. On the other hand, any unexpected short covering rally would negate our near term bearish expectations in the near term.

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

Read More