Buy Dhaniya above Rs 6030: Geojit Comtrade

Written By Unknown on Kamis, 03 Oktober 2013 | 16.02

Geojit Comtrade's report on agricultural commodities

Dhaniya Oct NCDEX: After taking support from 5745, Dhaniya traded higher and closed the day at 6023 levels. A strong technical resistance is seen at 6030, which if broken with sturdy volume could direct sharp rallies to 6199 followed by 6250 levels. Daily RSI (14) is also favouring a bullish outlook. On the lower side, if prices smash the support of 5745, would reverse and see a lower correction to 5500 levels.

Refined Soy oil Oct NCDEX: Sustained trades above 687, could be continue rallies towards 705 levels in the near term.

Cocudakl Dec NCDEX: As prices broke the stiff trend line resistance at 1475 with streaming volume, expect continuation of big rallies to 1510 levels.

Cardamom Oct MCX: Prices witnessed a bounce back from the support of 706.30 and closed the session 730.80. For the day, sustained trades below 742 could see a sharp correction towards 720 followed by 700 levels. On the other side, any trades above 775 would enable the bulls to be active in the counter and take prices higher towards 805 levels.

Strategies:
Buy Dhaniya above Rs 6030
Buy Refined Soy oil on dips
Buy Cocud on dips

(Prices in Rs.)

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.



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