Agri Commodity Market Update:
• Castor seed futures went down by 3.49%, on sluggish demand.
• Cardamom fut picks up by 2.59%, on strong spot mkt demand.
• Soybean futures fell by 2.17%, as subdued demand in market.
Chana future marginally up by 0.80%, as speculators created fresh positions. Castor Seed future saw sharp selling by 3.49%, as traders booked profits at prevailing higher levels. Cardamom future jumped by 2.59%, on strong spot market demand. Soybean future declined by 2.17%, on low demand in spot market against higher supplies.
Technical View of CARDAMOM (SEP)
Trend: Consolidate
Strategy: Buy on Dips
Resistance: R1-970:R2-989
Support: S1-941; S2-922
Technical View of CASTOR SEED (SEP)
Trend: Consolidate
Strategy: Sell on High
Resistance: R1-4209: R2-4292
Support: S1-4084: S2-4001
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