Sell Jeera on pullbacks, Chana below Rs 4750 : Geofin

Geofin Comtrade report on agricultural commoditiesJeera Jan NCDEX: Jeera prices slumped yesterday too and later closed at 15470 levels. As prices broke the immediate support of 15865, selling pressure might continue towards 15300/15200 or even lower to 15000 levels in the near term. In the meantime, daily RSI (14) seems to week for the day. However, any direct rise above 15950 could turn the prices higher. Hence, recommend to sell on pullbacks during the day. Chana Jan NCDEX: Chana prices slipped lower and later closed at 4801 levels. While prices were trading below the 13 day EMA resistance of 4925, expect to see corrective selloffs towards 4780 and then to 4730/4660 levels. Further, daily RSI (14) is now showing the probability of weakness for the day. However, only a rise above 4940, could take the prices higher towards 4990 levels. Therefore, we now recommend to sell on below 4750 levels for the day.Guarseed Jan NCDEX : Selling pressure would continue towards 3250/3200 levels in the near term.StrategiesSELL GUARSEED ON PULLBACKS SELL CHANA BELOW 4750SELL JEERA ON PULLBACKSFor all commodities report, click here

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