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    Sell Cardamom, Guarseed on pullback: Geofin

    Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Cardamom, Guarseed on pullbacks, Kapas below Rs 865. in its research report dated Nov 02, 2015.
    November 02, 2015 / 14:33 IST

    Geofin Comtrade report on agricultural commoditiesJeera Nov NCDEX: Jeera prices traded lower to choppy trading and later closed at 15935. Any break of support at 15870 could turn the prices lower to 15700/15500 levels. In the mean time, daily RSI (14) is still treading very neutral without showing any directive moves. On the other side, Inability to break below the support, could see positive sentiments may trade higher to sideways to 16350/16450 levels. But major upside rally would trigger above 16700 levels. Hence we recommend a choppy trading session during these days unless it clears either side.Cardamom Nov MCX : Though short covering rally is on progress, unable to trade above 775, selling pressure might continue towards 750-730 levels.Guarseed Nov NCDEX : While prices trades below 3990 could see sharp selloffs to 3700 levels.Kapas Apr16 NCDEX : If prices breaks the support of 865, expect to see downfall towards 850/840 levels.StrategiesSELL CARDAMOM ON PULLBACKSSELL KAPAS BELOW 865SELL GUARSEED ON PULLBACKS

    For all commodities report, click here

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