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Tuesday, January 5, 2016

Update on Agri Commodities 05 Jan 2016









Soyabean 




Soyabean has support at 3630 and resistance at 3780


Decisive break and sustain below 3630 will see sharp panic till 3580---3550 and then to 3400 mark in days to come else it could test its resistance level of 3780 again

Further upside rally seen only weekly close above 3780 mark





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 on our Android App






Castorseed 


  Clearly indicated that it looks weak and on rise will sell. Below 3800.... our target was 3680---3630. Just made a low of 3674


Now what to expect???


Support at 3630 and Resistance at 3800

Two consecutive closes below 3630 will take to 3550---3480 and then to 3400 mark in days to come

Traders holding short as per our level can book part profit and revise stop loss at cost to cost

Others can trade with levels only






Chana 


Support at  4700 and Resistance at 4930

Close above 4930 will take to 5200---5350+ mark in days to come

Fresh selling can initiate only close below 4700 mark

Trade with levels only






Dhaniya 


 Support at 6800 and Resistance at 7050

Close above 7050 will take to 7300----7450+ mark. Fresh selling can initiate only close below 6800 level

Rally for 1-2-3 days can't be ruled out but trade with levels only as its a purely dead cat bounce. One more sharp panic need for bottom out in Dhaniya for a short to medium term

Trade with levels only... Anything seems will update on Android App.





Click on the below link and see what we had written about Kapas, Cotton and Cocudakl




Cocudakl... From 1936---2154, Cotton... From 16450---16700




Kapas... Almost test its resistance level of 920 (Made a high of 918) but unable to cross and crashed vertically. Our major hurdle was 920 mark


Now what to expect???


Cocudakl... Hurdle at 2150---2180. It took correction for a while but be cautious at lower levels. Three consecutive closes + weekly close above 2180 will see fire in Cocudakl


Cotton too facing hurdle at 16850---17025 mark while Kapas is facing hurdle at 920

Trade with levels only





Maize




Below 1460.. sell it. We will see sharp downside panic till 1410---1385 and then to 1300 mark

 Hurdle and stop loss intact 1530





At CMP.. Jeera looks weak but any time we will see U-Turn in Jeera at lower levels... So be cautious at lower levels. Close below 13900 will take to 13500---13200 and then to 12800 mark. Positional traders don't jump to buy or sell Jeera at this stage. We will wait for buying entry. 






More will be update soon only on our Android App!!