Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Cardamom, Gur on pullbacks and Refined Soy Oil below Rs 750.
Cardamom April mcx: As long as prices trade below 1129, expect to see prices trade lower towards 1089 followed by 1050 levels. Pepper Apr ncdex: As we earlier suggested, short covering rally already ceased yesterday and prices now holds the crucial support of 37900. Break off of the same with considerable volume could continue the fall towards 37600 followed by 37300/36800 levels for the day. Only a trade above 41000 could see a reversal of the bearish trend in the near term. Refined Soy oil Apr ncdex: Inability to sustain above the 760 levels, the trend remains weak and for the day we expect a lower correction towards 748 followed by 743/740 levels. Conversely, prices may turn sideways to higher levels, if prices are unable to break the support of 750 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 attachmentDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
