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Tuesday, October 13, 2015

Update on Agri Commodity 13 Oct 2015





CPO




Support at 424---415 and Resistance at 430

Two consecutive closes above 430 will take to 438---443+ mark in days to come else it could test its support level of 424---415 again

Further panic seen only close below 415 mark

Trade with levels only





Soyabean (Nov)




Not able to breach its support level of 3730 and bounced back sharply to 3900 mark and now trading around 3890. We recommended buying above 3850 mark

Now what to expect???

Support at 3800 and Resistance at 3930

Close above 3930 will take to 3990---4050+ mark in days to come

Fresh selling can initiate only close below 3800 mark






Soyaref (Nov)




Told to buy Soyaref around 623. Flared and made a high of 634.50

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 623 on closing basis






Rmseed (Nov)




  Too skyrocketed and made a high of 5047 mark. We recommended buying above 4780 mark

Now what to expect???

Support at 4900 and resistance at 5050

Close above 5050 will take to 5130---5180 and then to 5300+ mark in days to come

Fresh selling can initiate only close below 4900 mark

Traders holding long as per our level can book profit and trade with levels only... Any reversal seems will update







Chana (Nov)




Support at 5140 and resistance at 5330---5380

Still looks positive and could test its resistance level of 5330---5380. Three consecutive closes + weekly close above 5330 will take to ???

Else it could test its support level of 5140 mark


Further panic seen only weekly close below 5140 level. Traders can trade safely with levels only. Anything seems will update






Guarseed (Nov)



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







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






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