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Wednesday, October 7, 2015

Update on Agri Commodities 07 Oct 2015





CPO




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

  Maintain loss of 424 on closing basis.





Soyabean




Not able to breach its support level of 3650 and bounced back sharply to 3837 mark. Hit 4% upper filter. Jump more than 20% in less than 15 days

Now what to expect???

Support at 3730 and Resistance at 3840

Close above 3840 will take to 3930---3980 and then to 4050+ mark in days to come

Fresh selling can initiate only close below 3730 mark





Soyaref




  Took the support level of 618 and bounced back sharply to 635 mark

Now what to expect???


Two consecutive closes above 633 will see further upside rally till 644---649+ mark in days to come

Revise stop loss of 624 on closing basis






Rmseed


  

Support at 4630 and resistance at 4750---4780

Close above 4780 will take to 4850---4930 and then to 5050+ mark in days to come

Fresh selling can initiate only close below 4630 mark






Chana (Nov)




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



  Told to buy Guarseed around 3850---3820. Skyrockted and made a high of 4194. Booked full profit

Now what to expect???

Guarseed (Nov) Support at 4050 and Resistance at 4200

Two consecutive closes above 4200 will take to 4330---4380 and then to 4450+ mark in days to come

Support intact at 4050







Sugar




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





Jeera (Nov)



Support at 15700 and Resistance at 16300

Two consecutive closes above 16300 will take to 16900---17500+ mark in days to come

Fresh selling can initiate only close below 15700 mark





Turmeric (Nov)



Support at 7900 and Resistance at 8200

Two consecutive closes above 8200 will take to 8500---8650 and then to 8900+ mark in days to come

Support intact at 7900




More will be update soon!!