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Tuesday, March 22, 2016

Update on Agri Commodities 22 Mar 2016







Soyabean




Yesterday we clearly indicated to buy Soyabean above 3840 mark. It flared and made a high of 3965


Now what to expect???



Close above 3980 will see further upside rally till 4050. Three consecutive closes + weekly close above 4050 will see non stop rally in Soyabean till 4200---4300+ mark in days to come

Any sharp panic will be buying opportunity in Soyabean... Revise stop loss below 3750 on closing basis








Soyaref




Clearly indicated to buy Soyaref in panic with stop loss below 606. Just made a high of 635.00


Now what to expect???


Three consecutive closes + weekly close above 632 will see further upside rally till 642---648+ mark in days to come


Book part profit and in panic will buy... Revise stop loss below 615 on closing basis










Rmseed





Support at 3850---3780 and Resistance at 4000


Looks positive and could test its resistance level of 4000. Three consecutive closes + weekly close above 4000 will see further upside rally till 4200---4300+ mark in days to come


Fresh selling can initiate only close below 3780 mark


Trade with levels only







CPO




Boldly written to buy CPO above 490 and then above 510. It made a high of 521 and now trading around 517



Now what to expect???



Support at 500 and Resistance at 522


Two consecutive closes above 521 will see further upside rally till 529 and then to 538---545+ mark in days to come


Traders holding long as per our level can book part profit and revise stop loss below 500 on closing basis











Mentha Oil





We recommended buying in Mentha oil around 900 with stop loss of 888. It triggered our stop loss and crashed vertically to 840.60 mark


Now what to expect???


Now Mentha oil has crucial support at 830. Three consecutive closes + weekly close below 830 will see further downside panic till 790---760 mark in days to come


Hurdle and stop loss intact above 865










Chana






Support at 4280---4230 and Resistance at 4400


Either side break or close with volume will decide further.. Till then trades can trade in a range with strict stop loss and wait for confirmation


Anything seems will update via App











Jeera




Told to buy around 14700 and booked full profit around 15400


Now what to expect???

Support at 15000---14300 and Resistance at 15600

For few trading sessions... We will expect range bound trading in Jeera. Traders can trade safely in a range with levels only and wait for confirmation

Anything seems will update via App







Dhaniya and TMC too trading in a range.... Looks positive but we will wait for fresh entry while no charm seen in Kapas or Cotton. Have patience and trade safely with levels only.


















More will be update soon!!