HomeNewsBusinessStocksSell Jeera, Turmeric, Cocudakl on pullbacks : Geofin

Sell Jeera, Turmeric, Cocudakl on pullbacks : Geofin

Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Jeera, Turmeric, Cocudakl on pullbacks in its research report dated Sep 16, 2015.

September 16, 2015 / 12:50 IST
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Geofin Comtrade report on agricultural commoditiesJeera Oct NCDEX: Jeera prices traded lower from 15970 and at the end of the session closed at 15705 levels. As long as prices are trading below 16070 following selling pressure would continue towards 15635 followed by 15500 levels. Moreover, the daily RSI (14) is also supporting the current weakness. Conversely, a mild pullbacks cannot be ruled out, before commencing next movement of downside correction for the day. Hence, overall we recommend to sell on pullbacks for the day. Cocudakl Dec NCDEX : Inability to ride above 1620, could see selloffs towards 1560/1530 levels in the near term.Turmeric Oct NCDEX : We expect to see continuation of downfall towards 7660/7500 levels.StrategiesSELL COCUDAKL ON PULLBACKS SELL JEERA ON PULLBACKS SELL TURMERIC ON PULLBACKS For all commodities report, click here

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first published: Sep 16, 2015 12:50 pm

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