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Tuesday, July 5, 2016

Update on Agri Commodity 05 July 2016







Soyabean (Oct) 



  Clearly indicated that above 3800... we will see rally in Soyabean till 3880---3940 mark. Just made a high of 3928

Now what to expect???

Support at 3800 and Resistance at 3940---3970

Looks positive and could test its resistance level of 3940---3970. Three consecutive closes + weekly close above 3970 will see sharp upside rally till 4200---4300+ mark in days to come

Immediate support seen at 3800 while major support seen at 3600

Trade with levels only






Soyaref (Aug)



Told to buy Soyaref around 649---647. Just made a high of 653.65

Now what to expect???

Above 654... we will see further upside rally till 657---660. Three consecutive closes + weekly close above 660 will see non stop rally in Soyaref

Immediate support seen at 638







Rmseed(Aug)



  Told to buy around 4880---4860. Just made a high of 4933

Close above 4945 will see further upside rally till 4980---5050+ mark in days to come



Support seen at 4880---4850

Trade with levels only.. Any reversal seems will update via App







Jeera(Aug)




Support at 17600---17200 and Resistance at 18200

Three consecutive close + weekly close above 18200 will see upside rally till 18800---19300+ mark else it could test its support level of 17600---17200 again

Trade with levels only





Guarseed (Oct)



  Flared like anything and hit 3460 mark. Clearly indicated to buy above 3250 mark

Now what to expect???

Still looks positive and could test 3550---3620 mark in days to come. Three consecutive closes + weekly close above 3620 will see sharp upside rally in it. 

In panic will buy... Stop loss below 3200 on closing basis



















 More will update soon!!