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Thursday, March 31, 2016

Update on Agri Commodities 31 Mar 2016





Hope you all are trading with levels given on daily basis. If you have perfect level then only you will be able to mint money... Nothing else!!






 

Have a look on it!!








Soyabean




  Not able to breach its resistance level of 4090 and slipped again to 3957 mark. We recommended buying in Soyabean above 4050 and around 3980---3950. Both level initiated. 


Now what to expect???

 
Looks positive and could test its resistance level of 4050---4090. Weekly close above 4090 will see further upside rally till 4130---4180 and then to 4250+ mark in days to come

 
Maintain stop loss below 3925 on closing basis








Soyaref





Clearly indicated that Soyaref has hurdle at 645. It exactly made a high of 445 and slipped again to 634.30


Now what to expect???

 
Support at 628 and Resistance at 645

 
  Three consecutive closes + weekly close above 645 will see further upside rally till 660---670+ mark in days to come


  Maintain stop loss below 628 on closing basis








CPO





  Rally continues.... Just made a high of 532.40. We are holding long from 490 and above 522 mark. Minted money or not???


Now what to expect???


Support at 518 and Resistance at 533


Two consecutive closes above 533 will see further upside rally till 538 and then to 542---545+ mark in days to come


Traders holding long as per our level can book part profit and revise stop loss below 518 on closing basis
 
 






Rmseed





  Not able to breach its resistance level of 4080 and bounced back again. We are holding long from 3970 mark


Now what to expect???


Support at 4080 and Resistance at 4220


Two consecutive closes above 4220 will see further upside rally till 4280---4350+ mark in days to come
 

  Maintain stop loss below 4080 










Chana





 We recommended buying in Chana above 4400. Just made a high of 4579 and now trading around 4575


Now what to expect???

 
Hurdle at 4600 and Support at 4480

 
Weekly close above 4600 will see more upside rally till 4690---4750+ mark in days to come
 

Revise stop loss below 4480 on closing basis
 
 













More will be update soon!!