We have seen mind blowing panic in Spices from last few
weeks. Now we will expect reversal in spices from lower levels. At this stage
we will recommend to go long rather than making short positions. Chances are bright for
upside move but trade with levels only.
Have a look on it!!
Dhaniya
We have seen vertical crash in Dhaniya from 13000 to 6105
mark and now trading around 6350
Dhaniya is trading on a weekly support of 6000. Three
consecutive closes + weekly close below 6000 will see sharp panic till
5300---4800 mark in days to come else it could take U-Turn and could test
6700---6800 mark.
Further upside rally seen only weekly close above 6800 level
Is it possible to take U-Turn???
Downside seems limited in Dhaniya but trade with levels
only. Nimble traders can buy and accumulate in panic with stop loss of 6000 on
closing basis
Turmeric
We have seen vertical fall in TMC too. It crashed and made a
low of 8004
Now what to expect???
Support at 8000---7850 and Resistance at 8350
Looks positive and could test its resistance level of 8350.
Two consecutive closes + weekly close above 8350 will see further upside rally
till 8600---8700+ mark in days to come
Further upside rally seen only weekly close above 8700 mark
Chances are bright for upside move but trade with levels
only.... Anything seems will update via App.
Jeera
Support at 13000 and Resistance at 13400
Two consecutive closes + weekly close above 13400 will see
non stop rally till 14000---14300 and then to???
Further downside panic will see only weekly close below
13000 mark
Trade with levels only.
More will be update soon only on our Android App.
