As expected... Soyabean, Soyaref, CPO, Rmseed and Chana
crashed from upper levels. We clelarly indicated to sell and be cautious at
upper levels
Have a look on it!!
CPO
Slipped and made a low of 410.10. We recommended selling
below 415 mark
Three consecutive closes + weekly close below 415 will see
free fall in CPO till 390---380 mark in days to come else it could test its
resistance level of 424---430 and then to 441 mark
Trade with levels only
Soyabean (Nov)
Told to sell below 4065. Crashed and made a low of 3901 and
now trading around 3920
Now what to expect???
Two consecutive closes below 3880 will see further panic
till 3820---3760 and then to 3700 mark in days to come
Already booked part profit.. Now on rise sell it!! Revise
stop loss at cost to cost
Soyaref (Nov)
Told to sell Soyaref around 635---638 with stop loss of 645.
Just made a low of 619.20. Our final target was 618
Now what to expect???
Support at 618 and Resistance at 628
Two consecutive closes below 618 will take to 612---609 and
then to 600 mark in days to come else it could test its resistance level
of 628 again
Further upside rally seen only close above 628 mark
Trade with levels only
Rmseed (Nov)
Below 4980... our target was 4920---4850. Just
made a low of 4901
Now what to expect???
Two consecutive closes below 4980 will take to 4850---4780
and then to 4700 mark in days to come
Fresh buying can initiate only close above 5130 mark
On rise sell it!! Stop loss 5130 on closing basis
Chana (Nov)
Clearly indicated that be cautious at upper
levels in Chana. It crashed vertically and hit 4% lower circuit
Now what to expect???
Three consecutive closes + weekly close below 5150 will see
free fall in Chana till 4800----4650 mark in days to come
Fresh buying can initiate only weekly close above 5450 mark
Any sharp rise will be selling opportunity but trade with
levels only... Any reversal seem will update
Castorseed (Nov)
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
