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Wednesday, July 13, 2016

Update on Agri Commodity 13 July 2016




Minted money or not??? if you have perfect levels then only you can mini money.. Nothing else!!

 
 
 


 

Have a look on it!! 







Soyabean




 As expected... Soyabean made a high of 3859. Told to buy around 3780---3750

Now what to expect???

Closes above 3800 will take to 3880---3940 mark. Further upside rally will see only close above 3940 mark. Three consecutive closes + weekly close above 3940 will see sharp upside rally till 4200---4350+ mark in days to come

Fresh selling can initiate only close below 3600 mark







Soyaref



Support at 628---625 and Resistance at 636

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







Rmseed



  Clearly indicated that its looks positive and could test 4980---5050 mark. Just made a high of 4976

Book part profit and revise stop loss at cost to cost







Guarseed




Holding long from 3200 level. Just made a high of 3875. Minted money or not ???

Three consecutive closes + weekly close above 3650 will confirm double bottom pattern and could test 4200---4350+ mark in coming weeks

Book part profit and in panic will buy... Positional support at 3300--3200 mark








Guargum



Yesterday indicated that close above 6480 will see rally in Guargum. Just made a high of 7120

Above 6480... our target intact 7400---8000 mark

Already booked part profit... Now revise stop loss at cost to cost








Dhaniya




Weekly close above 7600 will take to 8000---8200+ mark in days to come

Support and stop loss below 7400 on closing basis







Turmeric




Support at 7800 and Resistance at 8400

If it unable to breach its support level of 7800 then it could test its resistance level of 8400 mark

Further upside rally will see only weekly close above 8400 mark

Wait for confirmation
 
 






Kapas
 
 
Told to buy around 925---920. Just made a high of 977. 
 
Three consecutive closes + weekly close above 970 will take to 1030---1080 and then to 1200+ mark in days to come
 
Support at 920---850



















More will update soon...