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Tuesday, November 24, 2015

Update on Agri Commodities 24 Nov 2015







Soyabean




Support at 3800---3650 and Resistance at 3970


It looks positive and could test its resistance level of 3970. Three consecutive closes + weekly close above 3970 will see nonstop rally in Soyabean till 4080---4150+ mark in days to come else it could test its support level of 3800 and then to 3730---3650 again. Further panic seen only weekly close below 3650 mark


Any sharp panic will be buying opportunity in Soyabean with strict stop loss below 3650 on closing basis.





Soyaref




Support at 596 and Resistance at 608---613

Close below 596 will take to 592---588 and then to 576 mark in days to come else it could test its resistance level of 608---613 again

Close above 613 will take to 621---625+ mark in days to come

Traders can trade with levels only





Chana




Support at 4920 and Resistance at 5050

Close below 4920 will take to 4820---4750 and then to 4600 mark in days to come else it could test its resistance level of 5050 again

Further upside rally seen only close above 5050 level

Close above 5050 will see further upside rally till 5130---5180 and then to 5300+ mark in days to come

Traders can trade with levels only






Castorseed




Clearly indicate to sell Castorseed below 4300 mark. Crashed vertically and made a low of 3965 mark

Now what to expect???

Support at 3900 and Resistance at 4150

Either side break or close with volume will decide further... So traders can trade in a range with strict stop loss and wait for confirmation






Rmseed




Support at 4550 and Resistance at 4800

Either side break or close with volume will decide further.. So traders can trade in a range with strict stop loss and wait for confirmation

Anything seems will update




No charm seeing in Jeera... Guarseed... Dhaniya and Mentha oil. So trade safely with levels only. Anything seems will update.







More will be update soon!!