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Tuesday, March 29, 2016

Update on Agri Commodities...29 March, 2016



As expected...Agri commodities on fire, all are moving in North direction..





Soyabean




Our buy call in Soyabean proven great and made a high of 4090. We clearly indicated to buy above 3840 mark





Now what to expect???

Close above 4090 will see further upside rally till 4130---4180 and then to 4250+ mark in days to come
Revise stop loss below 3925 on closing basis










Soyaref




Rally continue... Clearly indicated to buy in panic. Just made a high of 643.50 and now trading at 642






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

Revise stop loss below 628 on closing basis











Rmseed




  Too told to buy Rmseed around 3950 and above 4100. Just made a high of 4205







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
Revise stop loss below 4080 










Chana



 We recommended buying in Chana above 4400. Just made a high of 4520






Now what to expect???


Two consecutive closes above 4400 will take to 4600---4750+ mark in days to come


Revise stop loss below 4400 on closing basis 















 More will update soon...