Sell Cardamom on pullbacks, Kapas below Rs 865 : Geofin

Geofin Comtrade report on agricultural commoditiesJeera Nov NCDEX: Jeera prices traded sideways and later closed at 16000 levels. As prices trades above 15900, sentiments still on positive side and may trade higher to sideways to 16350/16450 levels. But major upside rally would trigger above 16700 levels. In the mean time, daily RSI (14) is still treading neutral without showing any direction. On the lower side, any break of support at 15900 could turn the prices lower to 15700 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 towards750 levels.Kapas Apr16 NCDEX : If prices breaks the support of 865, expect to see downfall towards 850/840 levels. Cocudakl Dec NCDEX : As prices slipped below the support of 1670, long liquidations might see towards 1650/1620 levels. StrategiesSELL CARDAMOM ON PULLBACKSSELL KAPAS BELOW 865SELL COCUDAKL ON PULLBACKSFor all commodities report, click here

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.

Read More