Soyabean
Support at 4170 and Resistance at 4270
Close above 4070 will take to 4250---4320 and then to 4400+ mark in days to come else it could test its support level of 4170 again
Close below 4170 will take to 4120---4080 mark
More and more downside panic will see only below 4050 mark. Traders holding long in Soyabean can revise stop loss below 4170 on closing basis
Weekly close above 4200 will take to 4330---4380 and then to 4450+ mark in days to come
Revise stop loss below 4130 on closing basis
Soyaref
Made a low of 655 and bounced back to 667 again
Now what to expect???
Two consecutive closes below 655 will take to 647---643 and then to 635 mark in days to come else it could test its resistance level of 664---667 and then to 676+ mark again
Risky traders can buy Soyaref around 660---658 with stop loss below 655 on closing basis for the initial target of 664---667
Others can wait for confirmation
Chana
Flared like anything and hit 5392 mark. We recommended fresh buying around 5090---5060 mark while holding long from 4400
Now what to expect???
Support at 5180 and Resistance at 5420
Three consecutive closes + weekly close above 5420 will see further non stop rally in Chana till 5700---5800+ mark in days to come
Already booked full profit.. Now trade with levels only
Rmseed
Told to buy Rmseed in panic for the upside target of 4600---4700. It made a high of 4604 and now trading around 4580
Now what to expect???
Support at 4540 and Resistance at 4610
Break and sustain + close above 4610 will see further upside rally till 4660---4700+ mark in days to come
Already booked part profit and now revise stop loss below 4540 on closing basis
Others can trade with levels only
CPO
Support at 548 and Resistance at 555
Two consecutive closes above 555 will take to 563---568+ mark in days to come. Further upside rally will see only weekly close above 576 mark
Else it could test its support level of 548 again. Close below 548 will take to 542---538 mark.
Traders can trade with levels only and wait for confirmation
More will be update soon!!
