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Monday, March 14, 2016

Update on Agri Commodities 14 Mar 2016









Soyabean





  Soyabean has support at 3730---3640 and Resistance at 3825


Still looks positive and could test 3825 mark.Three consecutive closes + weekly close above 3825 will see sharp upside rally till 3880---3930 and then to 4050+ mark in days to come else it could test its support level of 3730---3640 again


Further downside panic will see only close below 3640 mark


Trade with levels only







Soyaref




Support at 610 and Resistance at 625


Close above 625 will take to 640---655+ mark in days to come else it could test its support level of 610 again


Close below 610 will take to 602---596 mark. 596 act as major support in Soyaref


Trade safely with levels only









CPO




Just made a high of 507.40. We recommended buying above 490 mark. 


Now what to expect???


Support at 490 and Resistance at 510


Two consecutive closes above 510 will see further upside rally till 518---524 and then to 535+ mark in days to come


Revise stop loss at cost to cost of 490









Rmseed






Told to buy around 3940---3930. Just made a high of 4019. We clearly indicated to buy Rmseed in panic with stop loss below 3780 mark


Now what to expect???

Close above 4030 will see further upside rally till 4055---4090. Three consecutive closes + weekly close above 4100 will take to ???
Revise stop loss at cost to cost









Chana





  Boldly written to buy Chana in panic with stop loss below 4080 and then we revised stop loss below 4240. Flared like anything and hit 4492 mark.


Now what to expect???


Close above 4430 will take to 4560---4650+ mark in days to come


Revise stop loss of 4350 mark









Dhaniya





Support at 6700 and Resistance at 7050


Three consecutive closes + weekly close above 7050 will see non stop rally in Dhaniya till 7800---8300+ mark in days to come


Break and close below 6700 will see more downside panic till 6300---6050 mark


6000 act as major support for Dhaniya









Cotton




Support at 15700 and Resistance at 16000


Two consecutive closes above 16000 will take to 16300---16450+ mark in days to come


Fresh selling can initiate only close below 15700 mark


Trade with levels only







Turmeric




Told to buy above 9100 with stop loss below 8700. Flared and made a high of 9442. 

Now what to expect????


Two consecutive closes above 9100 will take to 9500---9700+ mark in days to come

Any sharp panic will be buying opportunity in it

Stop loss intact below 8700



















More will be update soon!!