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Wednesday, June 15, 2016

Update on Agri Commodity 15 June 2016



Soyabean




  Not able to breach its support level of 3860 and bounced back again to 3870.

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





Rmseed



  Rmseed flared and made a high of 4823. Told to fresh buy above 4620 and 4750

Now what to expect???

Above 4830 rally remain continue till 4880---4920 and then to 5000+ mark in days to come

Revise stop loss of 4730





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




Above 17500.... we will see further upside rally till 17700---17800

17800---18050 act as major hurdle. Three consecutive closes + weekly close above 18050 will see sharp upside rally in it. 

Support at 17000






Kapas



Told to buy around 925---920. Just made a high of 937.50

Now what to expect???

Close above 940 will see more upside rally till 955---970+ mark in days to come

Support at 890 (Crucial support)





Cotton



Above 19050... We clearly indicated to buy MCX Cotton. Just made a high of 19590

Now what to expect???

Close above 19600 will see further upside rally till 20000---20300+ mark in days to come

Book part profit and revise stop loss at cost to cost

























More will update soon...