We have seen mind blowing rally in Agri Commodity. All
skyrocketed
Have a look on it!!
CPO
Told to buy above 424 with stop loss of 415 for
the initial target of 435---441. Just made a high of 431.90
Now what to expect???
Support at 424 and Resistance at 435---441
Still looks positive and could test its resistance level of
435---441. Further upside rally seen only close above 441 mark
Revise stop loss of 424 on closing basis.
Soyabean
Above 3580... our target was 3650---3730. Just made a high
of 3736
Now what to expect???
Support at 3650---3580 and Resistance at 3740---3790
Traders remain cautious at upper levels as profit booking
may take place. Anything seems will update
Soyaref
Told to buy Soyaref above 607 with stop loss of
598. It skyrockted and made a high of 630. We booked full profit around 625
Now what to expect???
Support at 618 and Resistance at 633
Two consecutive closes above 633 will see further upside
rally till 644---649+ mark in days to come else it could test its support level
of 618
Close below 618 will see further panic till 613---607 and
then to 600 mark
Trade with levels only
Rmseed
Too spurts and made a high of 4745. We
recommended buying above 4350 and holding long from 4280
Now what to expect???
Support at 4630 and resistance at 4750---4780
Now fresh buying can initiate only close above 4780 mark
else it could test its support level of 4630 again. Close below 4630 will see
further panic till 4550---4480 and then to 4350 mark in days to come
Trade with levels only.... Anything seems will update
Chana (Nov)
Too skyrocketed and made a high of 5286 and now trading
around 5180
Now what to expect???
Support at 5080 and resistance at 5250---5330
Still looks positive and could test its resistance level of
5330. Three consecutive closes + weekly close above 5330 will take to ???
Else it could test its support level of 5080 mark
Further panic seen only weekly close below 5080 level.
Traders can trade safely with levels only. Anything seems will update via SMS
Guarseed
Support at 3750---3600 and Resistance at 4050
Still looks positive and could test its resistance level of
4050. Three consecutive closes + weekly close above 4050 will see fire in
Guarseed
Fresh selling can initiate only close below 3600 mark
Sugar
We recommended buying in Sugar around 2520---2500. Just made
a high of 2632
Now what to expect???
Close above 2640 will see further upside rally till
2690---2730 and then to 2850+ mark in days to come
Revise stop loss at cost to cost
Castorseed
Support at 4050 and Resistance at 4180
Two consecutive closes above 4180 will take to 4280---4350+
mark in days to come
Fresh selling can initiate only close below 4050 mark
Close below 4050 will take to 3970---3930 and then to 3850
mark
Trade with levels only
