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Tuesday, April 12, 2016

Update on Agri Commodities 12 April 2016







Soyabean




Support at 4080 and Resistance at 4200


Weekly close below 4080 will take to 3980---3930 and then to 3850 mark in days to come else it could test its resistance level of 4200 again


Three consecutive closes + weekly close above 4200 will take to 4330---4380 and then to 4450+ mark in days to come


Trade with levels only








Soyaref





Close below 660 will take to 653---648 and then to 642 mark in days to come


Hurdle and stop loss above 667---676









Chana



Support at 4980 and Resistance at 5130


Two consecutive closes below 4980 will take to 4880---4850 and then to 4700 mark in days to come else it could test its resistance level of 5080---5130 again


Three consecutive closes + weekly close above 5130 will take to ???


Trade with levels only









Rmseed




Not able to sustain at upper levels and slipped again. Still looks weak and could test 4300---4200 mark in days to come


Sell and accumulate Rmseed on rise with stop loss above 4500 on closing basis


Any reversal seems will update














More will be update soon!!