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Thursday, February 18, 2016

Update on Agri Commodities 18 Feb 2016




Cocudakl





Not able to breach its support level of 1970 and bounced back sharply to 2133 mark. We clearly indicated to buy with stop loss of 1970


Now what to expect???


Three consecutive closes + weekly close above 2155 will see sharp upside rally till 2300---2450+ mark in days to come.


In panic will buy... Revise stop loss below 2025 on closing basis









Dhaniya






Flared and made a high of 7054. We recommended buying from 6300 level. Too fresh recommended buying around 6780---6750 mark


Now what to expect???


Weekly close above 7080 will see sharp upside rally till 7400---7550+ mark in days to come

Positional revise stop loss of below 6550 on closing basis.








Guarseed






Told to buy around 3070 and around 3000. It flared and made a high of 3187 and now trading around 3140


Now what to expect???


Support at 3050 and Resistance at 3200


Looks positive and could test its resistance level of 3200. Three consecutive closes + weekly close above 3200 will see sharp upside rally in Guarseed till 3400---3550+ mark in days to come


Revise stop loss below 3050 on closing basis








Kapas




Support at 760 and Resistance at 810


Three consecutive closes + weekly close above 810 will see sharp upside rally till 860---890 and then to 945+ mark in days to come


Fresh selling can initiate only weekly close below 760 mark. If break and close above 810 then buy Kapas with stop loss of 760 mark


Anything seems will update via App.









Turmeric





We clearly indicates to buy with stop loss of 8000. If flared like anything and hit 8996 mark


Now what to expect???


Support at 8500 and Resistance at 9150

Three consecutive closes+ weekly close above 9150 will see sharp upside rally till 9600---10050+ mark in days to come else it could test its support level of 8500 and then to 8200---8000 again


Further downside panic will see only weekly close below 7800 mark


Trade with levels only








Rmseed





Clearly indicated to buy Rmseed around 3880---3850 with stop loss of 3780 mark. Just made a high of 4089


Now what to expect???


Support at 3950 and Resistance at 4100


Further upside rally seen only weekly close above 4100 mark else it could test its support level of 3950 again


Already booked part profit.. Now revise stop loss below 3950












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