Sell Jeera on pullbacks, Kapas below Rs 865: Geofin

Geofin Comtrade report on agricultural commoditiesJeera Nov NCDEX: Jeera plummeted sharply in yesterday’s trading session and later settled at 15375. As prices broke the support at 15870 sentiments turned lower to 15300/15000 or even lower to 14850 levels. Moreover, daily RSI (14) is now converging lower, suggesting bearish outlook. On the other side, a mild pullbacks would be seen to 15500-15550 before resuming the next wave of selling pressure. Hence we recommend to sell on pullbacks for the day.Kapas Apr16 NCDEX : If prices breaks the support of 865, expect to see downfall towards 850/840 levels.Soybean NovNCDEX : Sharp fall may witness towards 3750/3700 levelsStrategiesSELL JEERA ON PULLBACKSSELL KAPAS BELOW 865SELL SOYBEAN ON PULLBACKSFor all commodities report, click here

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