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Monday, August 24, 2015

Update on Agri Commodities 24 Aug 2015









Soyabean





Support at 3070---3030 and Resistance at 3160

Close above 3160 will take to 3200---3235 and then to 3300 mark else it could test its support level of 3070---3030 again

Further panic seen only weekly close below 3030 mark

Traders can trade with levels only




Soyaref




Support at 566 and resistance at 574---580

Two consecutive closes below 566 will take to 560---556 and then to 548. Further panic seen only close below 548 mark else it could test its resistance level of 580 again

Further upside rally seen only close above 574----580 mark

Trade with levels only





Rmseed




Support at 4230---4180 and Resistance at 4300

Two consecutive closes above 4300 will take to 4450---4530+ mark in days to come else it could test its support level of 4230---4180 again

Further panic seen only close below 4180 mark

Trade with levels only





Chana




Support at 4650 and Resistance at 4800

Two consecutive closes below 4650 will see free fall in Chana else it could test its resistance level of 4730---4800 again

Further upside rally seen only close above 4800 mark

Trade with levels only




Castorseed



Support at 4050 and Resistance at 4140

Two consecutive closes below 4050 will take to 3930---3880 and then to 3830 mark in days to come else it could test its resistance level of 4140 again

Further upside rally seen only close above 4140 mark

Traders can trade with levels only





Cocudakl



Support at 2000 and Resistance at 2065

Two consecutive closes below 2000 will take to 1930---1880 mark in days to come else it could test its resistance level of 2065 again

Further upside rally seen only close above 2065 mark

Trade with levels only





Dhaniya




Support at 10550 and Resistance at 10850

Close above 10850 will take to 11150---11300 and then to 11550 mark else it could test its support level of 10550 again

Close below 10550 will take to 10200---10000 and then to 9600 mark in days to come. Further panic seen only close below 9600 mark

Upper side seems limited but trade with levels only...

Anything seems will update





Turmeric



Support at 7800 and Resistance at 8100

Two consecutive closes above 8100 will see nonstop rally till 8500---8800+ mark in days to come

Fresh selling can initiate only close below 7800 mark

Trade with levels only




Jeera




Support at 15800 and Resistance at 16800

Two consecutive closes below 15800 will see free fall in Jeera till 14800---14300 mark in days to come else it could test its resistance level of 16800 again

Further upside rally seen only close above 16800 mark

Traders can trade with levels only




Guarseed




Support at 3450 and Resistance at 3750. CMP 3890

Three consecutive closes + weekly close above 3750 will take to 4200---4500+ mark in days to come else it could test its support level of 3450 again

Further panic seen only close below 3450 mark

Trade with levels only




More will update soon!!