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Monday, October 26, 2015

Update on Agri Commodities 26 Oct 2015










CPO




Three consecutive closes + weekly close below 415 will see free fall in CPO till 390---380 mark in days to come 

On rise sell it!! Revise stop loss above 424 on closing basis







Soyabean (Nov)



Support at 3970 and Resistance at 4090

Closes below 3970 will see panic till 3880---3850 and then to  3730 mark in days to come else it could test its resistance level of 4090 again

Two consecutive closes above 4090 will see further upside rally till 4200---4350+ mark in days to come

Trade with levels only








Soyaref (Nov)




Told to sell Soyaref around 640 with stop loss of 64 and booked full profit around 627

Now what to expect???

Support at 618 and Resistance at 646

  Close below 627 will take to 624---621 and then to 618. Further panic seen only close below 618 mark else it could test its resistance level of 639---645 again

Trade with levels only







Rmseed (Nov)




Support at 4980 and Resistance at 5130

Two consecutive closes above 5130 will take to 5280---5350+ mark in days to come

Fresh selling can initiate only close below 4980 mark

Trade with levels only






Chana (Nov)





  As expected... Chana crashed vertically and made a low of 4749 and now trading around 4850. Our downside target was 4800----4650 mark


Now what to expect???


Below 4820... will see further panic till 4750---4680 and then to 4600 mark in days to come

Traders holding short as per our level can book part profit and revise stop loss of 4940 on closing basis






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





More will be update soon!!