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Monday, June 13, 2016

Update on Agri Commodity 13 June 2016








Soyabean




  Not able to breach its support level of 3860 and bounced back sharply to 3990 mark. 

Now what to expect???

Two consecutive closes above 3980 will see upside rally till 4050---4080+ 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 4815. Told to fresh buy above 4620 and 4750

Now what to expect???

Above 4750 rally remain continue till 4820---4880 and then to 5000+ mark in days to come

In panic will buy... Revise stop loss of 4620






Chana



  Rally continue in it.. Now we will not initiate entry in this commodity. We will wait for further levels






Cocudakl




Flared like anything and hit 2540. We are holding long from 2450 mark. Our target was 2550---2580

Still looks positive and could test its resistance level of 2550---2580. Three consecutive closes + weekly close above 2580 will see more upside rally in it. 

Revise stop loss of 2500 on closing basis





Guarseed



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






Jeera 


We again recommended buying in Jeera around 16600---16500 with stop loss below 15800. It flared like anything and hit 17400 mark

Our upper side target was 17300---17800

Still looks positive and could test its resistance level of 17800. 17800---18050 act as major hurdle are. Further upside rally will see only above 18050 mark

Trade with levels only
























More will update soon...