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Tuesday, April 5, 2016

Update on Agri Commodities...April 5, 2016






Soyabean








  Flared and made a high of 4200 mark in yesterday's trading session.  We are holding long above 3840 mark. Still not able to mint money... Need not to worry at all. Watch more

Now what to expect???
 
Support at 4000 and Resistance at 4200
 
Two consecutive closes above 4200 will see rally to remain continue till 4300---4450+ mark in days to come
 
Revise stop loss below 4000 on closing basis 








Soyaref







Rally continue and made a high of 656.90. Above 645... our target intact 660---670+ mark
 
Revise stop loss below 645 on closing basis
 








CPO






 
 Rally continues and made a fresh high of 565.90. We are holding long from 490 mark. Too recommended buying above 555 mark

Now what to expect???

Support at 555 and Resistance at 568---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 555 on closing basis
 
 
 





Rmseed






  Too flared and made a high of 4330 mark. We recommended buying above 4220 and holding long from 3970 mark

Now what to expect???

Support at 4220 and Resistance at 4330

Close above 4330 will see further upside rally till 4380---4450+ mark in days to come

Revise stop loss at cost to cost







Chana







  Flared like anything and hit 4918 mark. We clearly indicated to buy above 4400 and 4600 mark. Minted money or not???

Now what to expect???
 
Hurdle at 4740 and Support at 5030
 
We already booked full profit... Now we will expect range bound trading in Chana for next few trading sessions
 
Trade safely with levels only... Anything seems will update via SMS
 
 
 
 

 




Guarseed

 


 
 
  Told to buy Guarseed around 3210---3200. Just made a high of 3313. We booked part profit around 3300

Now what to expect???

Support at 3200 and Resistance at 3330
 
Two consecutive close above 3330 will see further upside rally till 3380---3450+ mark in days to come
 
Revise stop loss below 3200 on closing basis
 
 





Jeera





 
  Told to buy Jeera around 15600---15200. Just made a high of 16150. Clearly indicated to buy and accumulate in panic

Now what to expect???

Support at 15600 and Resistance at 16200
 
Two consecutive closes above 16200 will take to 16500---16850+ mark in days to come
 
Book part profit and revise stop loss below 15600 on closing basis
 
 






Dhaniya

 
 



 
  Clearly indicated to buy Dhaniya above 7050 for the upside target of 7600---8000. Just made a high of 7605. Minted money or not???

Now what to expect???

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











More will update soon!!