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Thursday, January 14, 2016

Update on Agri Commodities 14 Jan 2016








Soyabean (Feb)



  
Yesterday... we recommended buying in Soyabean around 3750 with stop loss of 3660. Just made a high of 3833. Earlier stop loss triggered of 3690


Now what to expect???


 Support at 3780---3730 and Resistance at 3850

Three consecutive closes + weekly close above 3850 will take to 3980---4050+ mark in days to come

Revise stop loss of 3730 on closing basis









Soyaref(Feb) 



Support at 596 and Resistance at 603

Close above 603 will take to 610---613 and then to 621. More and more power will see only close above 625 mark

Below 596.... will see further panic till 592---590 and then to 586 mark

Traders can trade with levels only







Castorseed



  Crashed vertically to 3443 mark. We clearly indicated that it looks weak and on rise will sell. Below 3800.... our target was 3680---3630 and then to 3540---3480 and then to 3400. Hope you all minted money in tonnnnneeeeessssss


Now what to expect???


Castorseed (Feb) has support at 3480 and resistance at 3550
Close below 3480 will see further panic till 3430---3380 mark. More and more power will see only close below 3350 level else it could test its resistance level of 3550 again.


Weekly close above 3550 will see dead cat bounce in Castorseed
Trade with levels only







Chana(Apr) 



Support at  4310 and Resistance at 4380

Close above 4380 will take to 4480---4550+ mark in days to come

Fresh selling can initiate only close below 4310 mark

Trade with levels only








Rmseed(Apr)





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
Weekly close below 4100 will take to 3980---3930 and then to 3800 mark in days to come

Trade with levels only....








Maize(Feb) 



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

 Hurdle and stop loss intact 1530







CPO




Support at 415 and Resistance at 422

Above 422... catch it. We will see rally till 429---433 and then to 441+ mark in days to come

Fresh selling can initiate only close below 415 mark

Weekly close below 415 will see further panic till 410---408 and then to 400 mark

Trade with levels only







Mentha Oil




Support at 860 and Resistance at 880

If mentha oil close above 880 in today's trade and provide weekly close above 880 then buy with small stop loss of 860. 

Initial target looks 920. Three consecutive closes + weekly close above 920 will see fire in Mentha oil

Trade with levels only.







Cocudakl




Support at 1960 and Resistance at 2080---2150

Three consecutive closes + weekly close below 1960 will take to 1800---1700 mark in days to come else it could test its resistance level of 2080---2150 again


Further upside rally seen only weekly close above 2150 mark


Trade with levels only.







Turmeric



Support at 9600 and Resistance 10000---10250

Below 9730... it could test 9660---9600. Three consecutive closes + weekly close below 9600 will see sharp downside panic till 9300---9200 and then to 8900 mark in days to come else it could test its resistance level of 10000---10250 mark

Further upside rally seen only weekly close above 10250 mark

Trade with levels only







Dhaniya



Clearly indicated that we will expect dead cat bounce in Dhaniya till 7350---7500 mark. It made a high of 7500 and crashed vertically again. That was purely a dead cat bounce. Just made a low of 6555

Now what to expect???


We will wait for reversal in Dhaniya.... So have patience. We will update soon.






Jeera




Support at 13800 and Resistance at 14200

Two consecutive closes above 14200 will take to 14500---14650 and then to 15000+ mark in days to come else it could test its support level of 13800 again

Three consecutive closes + weekly close below 13800 will see free fall in Jeera till 13500---13200 mark

Trade with levels only








More will be update soon!!