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Friday, June 10, 2016

Update on Agri Commodities 10 June 2016






Soyabean

 

 
 
Support at 3860 and Resistance at 3950---3980
 
Close above 3920 will take to 3950---3980. Two consecutive closes above 3980 will see upside rally till 4180---4250+ mark in days to come else it could test its support level of 3860 again
 
Further downside panic will see only close below 3860 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
 


 

Rmseed

 
 
  Rmseed flared and made a high of 4739. Told to fresh buy above 4620. 
 
Now what to expect???
 
Two consecutive closes + weekly close above 4750 will see further upside rally till 4820---4880 and then to 5000+ mark in days to come
 
In panic will buy... Revise stop loss of 4540
 
 



 

Chana
 



 
 
  Yesterday we clearly indicated that Chana looks positive above 6600 and could test 6800---6900. Flared and made a high of 6990
 
Now what to expect???
 
Still looks positive and could test 7050---7080+ mark in days to come
 
Now we will initiate fresh entry on Monday



 
 

 

Cocudakl
 

 
Flared like anything and hit 2518. We are holding long from 2450 mark
 
Weekly close above 2500 will see further upside rally till 2550---2580+ mark in days to come
 
Already booked part profit... Now revise stop loss at cost to cost
 
 


 


Guarseed

 
 
We recommended buying above 3130. It flared and made a high of 3208
 
Above 3210... we will see further upside rally till 3250---3280. Three consecutive closes + weekly close above 3280 will see sharp upside rally in it
 
Already booked part profit... Support intact at 3080
 
 













More will update soon!!