Agri Market Outlook and Sector Updates: Nirmal Bang
Guar Seed: Prices are trading between 2080 and 2140 since last few trading sessions. Negative crossed over in RSI and MA with negative stochastic indicates that the prices are likely to trade sideways to down for the day. We should sell on rise for the target of 2080.
Chana: The counter has bounced from 2120 levels. Positive crossed over in stochastic and RSI trending up indicate that the prices are likely to trade sideways to up for the day. We should buy on dips for the target of
2230 and 2250 for the day.
Pepper: Positive crossed over in RSI and MA with crossed over in slow stochastic indicate the prices are likely to trade sideways to up for the day. We should buy on dips for the target of 14500-14650 levels for the day.
Jeera: Positive crossed over in RSI and MA and positive stochastic indicates the short term strength in the counter. We are expecting the counter to trade on higher side for the day. We should buy on dips for the target of 11000 marks for the day.
Turmeric: The counter has given a triangular breakout. Positive crossed over in RSI and MA with positive stochastic indicates the prices are likely to trade on higher side buy on dips for the day targeting 8300 and
8350.