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Technical Levels Strategy/Recommendations
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Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April April Trend Sideways Up Down Down Sideways Down S2 12780 35470 6290 6340 6660 852 S1 12920 35660 6320 6390 6695 860 LTP 13040 35950 6394 6434 6743 874.10 R1 13150 36220 6460 6470 6795 885 R2 13230 36400 6524 6520 6825 895
Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom
Chana Sugar Kapas Cotton Cotton Oilseed Cake Gur Wheat Maize Barley Mentha Potato
NCDEX NCDEX NCDEX MCX NCDEX NCDEX NCDEX NCDEX NCDEX MCX MCX
April April April April April July April April April April April
3285 2888 926 19000 1501 1295 1370 1290 1300 1035 980
3315 2905 940 19180 1510 1303 1380 1297 1315 1048 989
3343 2922 953.50 19330 1523 1309 1393 1311 1332.50 1064.20 995.40
3360 2939 963 19500 1536 1314 1402 1318 1345 1076 1003
3382 2960 976 19680 1550 1322 1410 1325 1356 1088 1011
On the daily chart, price is trading below 10 & 20 EMA and MACD is moving southwards which indicates further downside. Intraday Strategy: Sell NCDEX Chana April between 3355-3360, SL 3384, Target 3315.
On the daily chart, price is trading below 10 & 20 EMA and MACD is moving southwards which indicates further downside. The price also broke the trend line (in red) closing below it indicating bearishness Intraday Strategy: Sell NCDEX Chilli April between 6466-6470, SL 6524, Target 6380.
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