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Thursday, January 21, 2016

Update on Cocudakl, Kapas, Maize and Guarseed 21 Jan 2016






Cocudakl





Support at 1975 and Resistance at 2150

Three consecutive closes + weekly close below 1975 will see free fall in Cocudakl till 1800---1700 mark in days to come else it could test its resistance level of 2150 again

Further upside rally seen only weekly close above 2150 mark

Three consecutive closes + weekly close above 2150 will see nonstop rally till 2330---2450+ mark in days to come

Chances are bright for upside move but trade with levels only. Nimble traders can buy and accumulate Cocudakl around 2030---2020 with stop loss below 1975 on closing basis for the initial target of 2150







Kapas (Apr)




Support at 830 and Resistance at 855

Two consecutive closes below 830 will see sharp downside panic till 790---760 mark in days to come

Fresh buying can initiate only close above 855 mark

Trade with levels only.








Maize




Below 1460... will see panic till 1420---1390 and then to 1400 mark in days to come

On rise sell it!! Stop loss above 1525 mark








Guarseed





Support at 3025 and Resistance at 3200

Who will save Guarseed below 3025 mark. Three consecutive closes + weekly close below 3025 will see free fall in Guarseed till 2800---2700 mark in days to come

Upper side still seems limited and any sharp rise will be selling opportunity in it but trade with levels only

Anything seems will update via App.








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