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Friday, January 8, 2016

Update on Agri Commodities 08 Jan 2016












Soyabean





  Below 3630... Our target was 3580---3550. It made a low of 3556 and bounced back again



Now what to expect???


Soyabean (Feb) has support at 3690 and resistance at 3790

Decisive break and sustain above 3790 will see further upside rally till 3850---3880 and then to 3930+ mark in days to come else it could test its support level of 3690 again

Close below 3690 will see further panic till 3650---3620 and then to 3550 mark


Trade with levels only







Soyaref




Support at 596 and Resistance at 610

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 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 3615 and bounced back


Now what to expect???


Support at 3600 and Resistance at 3730

Two consecutive closes below 3600 will take to 3540---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 above 3730

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







Rmseed


Support at 4100 and Resistance at 4250

Looks positive and could test its resistance level of 4250. Three consecutive closes + weekly close above 4250 will see sharp upside rally till 4400---4550+ mark in days to come

Fresh selling can initiate only close below 4100 mark

Chances are bright for upside move but trade with levels only... Anything seems will update via App







Dhaniya


  Clearly indicates that Dhaniya looks positive and could test 7300---7450 mark. Just made a high of 7500 mark


Now what to expect???


 Dhaniya (Apr) Support at 7800 and Resistance at 8100

Looks positive and could test its resistance level of 8100 mark. Three consecutive closes + weekly close above 8100 will see sharp upside move till 8400--8650+ mark in days to come

Fresh selling can initiate only close below 7800 mark

Close below 7800 will see further panic till 7550---7400 level. Further downside seems will see only close below 7400 mark

Trade with levels only... Anything seems will update via App.








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










More will be update soon during market hours only on Android App.