Commodity	:	Coriander
Exchange	:	NCDEX
Perspective	:	Very Short Term

NCDEX JULY CONTRACT





TECHNICALS:
Candlestick formation reveals sellers active participations. 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 down in the oversold region and is warranting caution to the bears. Coriander seed is likely to trade with a firm bias.


OUTLOOK:
Participants may buy on dips.


INTRADAY TRADE RECOMMENDATION / SUPPORT AND RESISTANCES (NCDEX):





Do not carry forward the position until the next day.