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Thursday, June 9, 2016

Update on Agri Commodities 09 June 2016




Soyabean





Support at 3860---3800 and Resistance at 3920

Close above 3920 will take to 3980---4050. Further upside rally will see only close above 4050 mark else it could test its support level of 3860---3800 again

Further downside panic will see only close below 3800 mark

Trade with levels only






Soyaref




Support at 650 and Resistance at 660

Either side break or close with volume will decide further. Till then traders can trade in a range with strict stop loss and wait for confirmation

Trade with levels only






CPO




 Moved towards north direction and made a high of 334. We recommended buying above 528

Now what to expect???

Above 528 target looks 538 mark. Three consecutive closes + weekly close above 538 will see more upside rally in it

Fresh selling can initiate only close below 523 mark

Trade with levels only






Rmseed



  Rmseed flared and made a high of 4688. Told to fresh buy above 4620. 

Three consecutive closes + weekly close above 4620 will see sharp upside rally in it till 4800---4900+ mark in days to come

Fresh selling can initiate only close below 4470 mark

Trade with levels only





Chana 



  Today we clearly indicated that Chana looks positive above 6600 and could test 6800---6900. Flared and made a high of 6800

Now what to expect???

Still looks positive and could test 6880---6920+ mark in days to come

Revise stop loss at cost to cost






Cotton



Two consecutive closes above 19050 will see more upside rally till 19250---19400+ mark in days to come

Support at 18700






Cocudakl 


Told to buy around 2450---2420. Just made a high of 2489. 

Close above 2490 will see further upside rally till 2550---2580+ mark in days to come

In panic will buy... Stop loss below 2400 on closing basis




Minted money in Sugar or Not??? We booked full profit and wait for fresh entry

















More will update soon...