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Thursday, April 7, 2016

Update on Agri Commodities 07 April 2016






Soyabean





Support at 4000 and Resistance at 4200

 
Two consecutive closes above 4200 will see further upside rally till 4300---4450+ mark in days to come

 
  Maintain revised loss below 4000 on closing basis 







Soyaref (May)





  Yesterday... we recommended buying in Soyaref May contract around 662---660. Just made a high of 675


Now what to expect???


Support at 660 and Resistance at 676


Two consecutive closes above 676 will take to 689---694+ mark in days to come


Already booked part profit... Now revise stop loss at cost to cost
 
 






CPO




 
 Rally continues and made a fresh high of 572.90. We are holding long from 490 mark. Too recommended buying above 555 mark


Now what to expect???


Support at 560 and Resistance at 576

 
Still looks positive and could test its resistance level of 568---576 mark in days to come. Further upside rally will see only weekly close above 576 mark
 

Revise stop loss below 560 on closing basis
 
 





 

Rmseed (May)






  Told to buy Rmseed may contract around 4340 with stop loss below 4280. Flared and made a high of 4480. We booked full profit

 
Now what to expect???


Support at 4400 and Resistance at 4480---4530
 

Either side break or close with volume will decide further.. So traders can trade safely with levels only and wait for confirmation
 






Chana (May)




  Flared like anything and hit 5042 mark. We again recommended buying in Chana above 4940 mark.


Now what to expect???

 
Hurdle at 4940---4870 and Support at 5050
 

Close above 5050 will see further upside rally till 5130---5180+ mark in days to come else it could test its support level of 4940---4870

 
Trade safely with levels only... Anything seems will update via App.
 




 
 

Guarseed

 
 

Support at 3200 and Resistance at 3325

 
Two consecutive close above 3325 will see further upside rally till 3380---3450+ mark in days to come

 
Revise stop loss below 3200 on closing basis
 
 




 

Jeera



 
Support at 15700 and Resistance at 16300

 
Two consecutive closes above 16300 will take to 16600---16850+ mark in days to come

 
Revise stop loss below 15700 on closing basis
 
 




 

Dhaniya

 


Close above 7600 will see further upside rally till 7900---8000+ mark in days to come
 
Maintain revised stop loss below 7200 on closing basis
 
 















More will be update soon!!