Agri Market Outlook and Sector Updates: Nirmal Bang

Market Outlook Of Agri: Nirmal BangGuar Seed: The counter has been maintaining to close above its psychological level of 1800. Positive crossed over in RSI and MA with MACD is in positive territory. We are expecting the prices to test 1840-1890 in the short run.

Chana: The counter has been trading range bound between 2150 and 2190. Negative crossed in RSI and MA indicates the prices remain sideways to down.

Pepper: We have seen the prices are trading below 65 DMA indicate the prices to remain bearish for the medium to short run. We may see the counter inching higher till 12500 but there will be pressure on the counter. RSI and MACD indicate the bearish trend for the near term. We can expect the prices to test 11950 and 11650 in the short run.

Jeera: The counter has closed flat in the previous session, Prices are still below 9DMA and negative cross over in RSI and MA indicate positive trend but MACD still in negative territory which indicate the mixed trend. Prices are likely to trade range bound between 10840 -10650 for the day.

Turmeric: The counter has been taking support around 5290 levels, RSI and MA in a positive territory. We are expecting the prices to trade higher if hold above 5190. If the prices continue to trade above 5300 we can expect the counter to trade higher till 5350-5390.