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Monday, May 23, 2016

Update on Agri Commodity 23 May 2016









CPO 


As expected.. Not able to breach its resistance level of 567 and crashed vertically to 526.10 and now trading around 527

Now what to expect???

Support at 525 and Resistance at 537

Two consecutive closes below 525 will see sharp downside panic till 510---506 and then to 490 mark in days to come

Hurdle and stop loss above 537 on closing basis




Rmseed 


Support at 4380 and Resistance at 4500

Two consecutive closes below 4380 will take to 4250---4180 mark in days to come else it could test its resistance level of 4500 again

Further upside rally will see only close above 4500 mark but at this stage upper side seems limited. So traders can trade safely with levels only and wait for confirmation




 Jeera



Told to sell below 16600. Just made a low of 16330 and now trading around 16380

Now what to expect???

Support at 16280 and Resistance at 16820

Two consecutive closes below 16280 will take to 15600---15300 mark in days to come else it could test its resistance level of 16820 again

Further upside rally will see only close above 16820 mark

Trade with levels only






Dhaniya



Support at 6850 and Resistance at 7250

Two consecutive closes below 6850 will take to 6200---5800 mark in days to come else it could test its resistance level of 7250 again

Further upside rally will see only close above 7250 mark

Trade with levels only




Turmeric



Support at 8000 and Resistance at 8400

Two consecutive closes below 8000 will take to 7600---7450 mark in days to come else it could test its resistance level of 8250---8400 again

More and more power will see only close above 8400 mark

Trade with levels only











 More will update soon!!