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Tuesday, December 29, 2015

Update on Agri Commodities....29 Dec, 2015






 Soyabean


 Told to buy Soyabean around 3670. Just made a high of 3708



Now what to expect???


Soyabean has support at 3630 and resistance at 3720

Decisive break and sustain above 3720 will take to 3750---3780+ mark in days to come. Further upside rally seen only close above 3780 mark

Fresh selling can initiate only close below 3630 mark on closing basis






Soyaref


Support at 610 and Resistance at 625

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

Any thing seems will update via SMS







Castorseed


Support at 3800 and Resistance at 3940

Two consecutive closes below 3800 will take to 3680---3630 and then to 3550 mark in days to come

Fresh buying can initiate only close above 3940 mark

Trade with levels only






Rmseed


Support at 4310 and Resistance at 4360

Decisive break and sustain above 4360 will take to 4420---4450 and then to 4530+ mark in days to come else it could test its support level of 4310 again

Close below 4310 will see further panic till 4270---4230 and then to 4150 mark

Traders can trade with levels only







Sugar


We recommended positional buying in Sugar around 2750. It flared like anything and hit 3157 mark


Now what to expect???


Support at 3000 and Resistance at 3200


Three consecutive closes + weekly close above 3200 will take to 3400---3550+ mark in days to come else it could test its support level of 3000 again


Further downside panic will see only close below 3000 mark


Traders can trade with levels only




Look at Cocudakl..  Kapas and Cotton seed. All are moving towards north direction.


Traders can trade with levels only and wait for confirmation.