MCX NCDEX Agri Commodity Analysis

NCDEX Jeera Feb likely to test 9100 (38.2% Retracement of 8500 to 9450) . On break of 9100 it could test the support at 8950 (50% Retracement of 8500 to 9450)in view of new arrivals , Price rise not supported by Momentum on Daily Charts.. Upside limited at 9375 and then 9415. Long term positive on lower output. CMP 9245

Mustard Feb Likely to witness 370 and then 374 with firm support at 362.50 . CMP 368

Soyabean Feb set to move up to 1440 with firm support at 1400 .

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