Tuesday, June 11, 2013

Sell Turmeric on pullbacks: Geojit Comtrade

Geojit Comtrade has come out with its report on agriculturalcommodities. The research firm has recommended to buy Soybean, Chilli on dip and sell Turmeric on pullbacks in its report dated June 10, 2013. Geojit Comtrade's report on agricultural commodities
Soybean July NCDEX: Consistent trades above 3750 could see upside rallies towards 3815/3850 levels.
Chilli Jul NCDEX: As prices are able to withstand the support of 5900, expect to continue the current buying momentum towards 6060 followed by 6132/6250 levels for the day.
Turmeric July NCDEX: Consistent trades below 5550 would continue present selling momentum towards 5230 levels. MCX Technical Analysis Software 

Cardamom July MCX : Cardamom witnessed a bounce back from the support of 705 and closed the day at 729.50. If prices are able to hold the support of 705, could see respire rally towards 730 followed by 750 levels. The daily RSI is also supporting mild positive sentiments but it requires breaking and sustaining above 760 for the immediate trend reversal. On the lower side, break below 705 could drag the prices lower to 680. MCX Charting Software

Dhaniya July NCDEX: Prices slumped yesterday from a high of 6850 and finally closed at 6591 levels. A minor support is seen at 6580, break below the same with streaming volume is likely to witness continuation of selling pressure towards 6440 followed by 6400/6320 levels. On the other side, unable to do so could see profit booking towards 6690 levels during the day.
Strategy: Buy Soybean, Chilli on dip and sell Turmeric on pullbacks.

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Source : .Money Control

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