Commodity	:	Coriander
Exchange	:	NCDEX
Perspective	:	Very Short Term

NCDEX JULY CONTRACT





TECHNICALS:
Candlestick formation reveals bullish sentiments. Prices are below 9 and 18-day EMAs supporting bearish momentum in the short term. MACD is moving down in the negative region and hints at an increase in bearish sentiment. RSI is moving up in the oversold region and is warranting caution to the bears. Coriander seed is likely to trade with a weak bias.


OUTLOOK:
Participants sell on rebounds.


INTRADAY TRADE RECOMMENDATION / SUPPORT AND RESISTANCES (NCDEX):





Do not carry forward the position until the next day.