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Tuesday, June 21, 2016

Update on Agri Commodities 21 June 2016






Soyabean




Support at 3800 and Resistance at 3860


Close above 3860 will see further upside rally till 3920 and then to 3980---4050 mark again else it could test its support level of 3800 again

Fresh selling can initiate only close below 3800 mark

Three consecutive closes + weekly close below 3800 will take to 3720---3650 mark in days to come


Trade with levels only







Soyaref




Support at 630 and Resistance at 650

Look positive and could test its resistance level of 650. Three consecutive closes + weekly close above 650 will take to 670----676+ mark in days to come

Fresh selling can initiate only close below 630 mark

Trade with levels only








CPO




Support at 500 and Resistance at 516


Close above 516 will see further upside rally till 522---525 and then to 540+ mark in days to come

Fresh selling can initiate only close below 500 mark

Trade with levels only







Rmseed




Support at 4680 and Resistance at 4750


Two consecutive closes above 4750 will take to 4820---4850+ mark in days to come

Fresh selling can initiate only close below 4680 mark

Trade with levels only








Jeera





Above 17500... our target intact 18000. Three consecutive closes + weekly close above 18000 will see sharp upside rally in it


Immediate crucial support at 17000









Turmeric





Support at 7700 and Resistance at 8200

Three consecutive closes + weekly close above 8200 will see sharp upside rally in it else it could test its support level of 7700 again

Further downside panic will see only close below 7700 mark

Trade with levels only

















More will update soon!!