Soyabean
Not able to breach its support level of 4080 and bounced back sharply again
Now what to expect???
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 662 again
Now what to expect???
Weekly close below 655 will take to 647---643 mark in days to come else it could test its resistance level of 664---667 and then to 676+ mark in days to come
Risky traders can buy Soyaref around 660---658 with stop loss below 655 on closing basis foe the initial target of 664---667
Others can wait for confirmation
Chana
Not able close below 4980 and bounced back sharply to 5185 mark. We recommended buying via SMS around 5090---5060
Now what to expect???
Already booked part profit and Revise stop loss at cost to cost.
Fresh entry will initiate from Monday onwards. Let see what will happen on Monday opening bell
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 update soon!!
