Geojit Comtrade Geojit Comtrade has come out with its report on
agricultural commodities. The research firm has recommended to buy
Jeera above Rs 11,460 and Soybean & Chana on dip, in its report
dated October 28, 2014.
Chana Nov NCDEX:-
As prices stay above 2950 expect the bulls to active in the counter
towards 2980/3000 levels.
Jeera prices continued its upward rally and finally closed at 11430
levels. It is required to break the eleven week high of 11460 for the
bulls to continue towards 11500 followed by 11640/ 11700 or even
higher to 11900 levels in the near term. Additionally, daily RSI (14)
is still hovering higher, signals uptrend. However on the other end,
a break below 11200 could see long liquidations towards 11000 levels,
which is least expected in the immediate run.
Soybean prices initially moved higher, touching a high of 3123 and
later closed at 3087 levels. As prices are firmly footed above the
ascending trend line support of 3045, sentiments still looks positive
and could see upward moves to 3125/3170 or even higher to 3205
levels. Besides the support of EMAs, daily RSI (14) seems supportive
for the near term buy trend. However, major weakness is likely to see
only on a break below 2970 regions.
- Buy Jeera above Rs 11460
- Buy Soybean on dip
- Buy Chana on dip
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