As expected.... Soyabean, Soyaref, Rmseed, CPO and Chana
skyrocketed. Enjoyed or not???
Have a look on it!!
CPO
Told to buy CPO around 404. It skyrocketed and made a high
of 424. We are holding long from 380 level and booked full profit around 420
Now what to expect???
Support at 415 and Resistance at 424
Two consecutive closes above 424 will take to 435---441+
mark in days to come
Fresh selling can initiate only close below 415 mark
Trade with levels only
Soyabean
Not able to breach its support level of 3190 and bounced
bacj sharply to 3394 mark.
Now what to expect???
Two consecutive closes above 3330 will take to 3430---3480+
mark in days to come
In panic will buy with stop loss of 3310 on closing basis
Soyaref
Told to buy Soyaref around 576 and add more lot
around 568. It skyrocketed and made a high of 597.95 and now trading around
595. We booked full profit around 594
Now what to expect???
Support at 580 and Resistance at 600
Two consecutive closes above 600 will see further upside
rally till 613---618 and then to 625+ mark in days to come
Fresh selling can initiate only close below 580 mark
Trade with levels only
Rmseed
Not able to breach its support level of 4180 and
bounced back sharply to 4394 mark. We recommended buying around 4250---4240
mark and booked full profit around 4360
Now what to expect???
Support at 4290 and Resistance at 4350
Two consecutive closes above 4350 will take to 4430---4480+
mark in days to come
Revise stop loss of 4290 on closing basis
Chana
Told to buy Chana above 4585 with stop loss of
4500. Flared like anything and made a high of 4750. Booked part profit around
4720 mark
Now what to expect???
Support at 4630---4580 and Resistance at 4750
Two consecutive closes above 4750 will see further upside
rally till 4830---4880+ mark in days to come else it could test its support
level of 4630---4580 mark again
Further panic seen only close below 4580 mark
Traders can trade with levels only.
More will be update soon!!
