Agri market outlook and sector updates: Nirmal Bang

Guar Seed: Guar Seed: We have seen some profit booking in the counter. Prices are still above 9DMA and RSI and MACD still indicate the positive momentum in the counter we should buy on dips. We are expecting the 1900-1930 in the near term.

Chana: We have seen very good rally in the counter. Prices looking positive above 2170, positive crossed over in RSI and MA and +DI moving in positive direction indicate the prices to trade higher for the day. We should buy on dips for the day, we are expecting the counter to test 2240-2270 in the near term.

Pepper: We have seen the prices are taking support around 12000 from last two sessions. We can expect some pull back in the counter till 12300-12350 levels for the day. Negative crossed over in RSI and MA with MACD in negative territory indicates that there will be pressure on higher levels.

Jeera: Jeera: We have seen very good breakout in the counter, we are expecting the upward rally to continue for the target of 11150-11200 levels in the near term. Closed above 9DMA with positive crossed over in RSI and MA indicate that the prices to remain positive in the near term.

Turmeric: The counter is facing major resistance of 5300 levels; if it closes above 5300 we can expect good upside till 5380-5440 levels in the counter. Prices are trading very range bound 5200-5290, we should buy on dips with stop of 5159 for the target of 5270-5300.

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Technical View on Stocks
Anil ManghnaniRajat BoseVijay BhambwaniAmbareesh BaligaPrakash GabaSudarshan SukhaniAshwani GujralAshu Madan



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