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Monday, November 7, 2016

Agri Commodity Update 07 Nov 2016






Soyabean 



Support at 2970 and resistance at 3070---3185

Break and sustain below 2970 will take it to 2870—2840 and then to 2750 mark else could test its resistance level of 3070 and then to 3130---3185 again.

Trade with levels only





Soyaref



Support at 660 and Resistance 673

Close above 673 will take it to 678---684+ marks in days to come else could test its support level of 660.

Fresh selling can initiate only close below 660 mark.







Dhaniya 



Support at 7800 Resistance at 8050

Three consecutive close + weekly close above 8050 will take it to 8400—8550+ mark in days to come else it could test its support level of 7800 again.

Further downside panic will see only close below 7800 mark. Close below 7800 will take to 7550---7400 and then to 7100 in days to come.

Trade with levels only





Jeera 



We recommended buying in Jeera around 17000. If flared and made a high of 18065. 

Now what to expect???


Close above 18150 will take to 18800---19200+++ mark else could test it support level of 17600.

Fresh selling can do only close below 17600






RM Seed 



Support at 4450 and Resistance 4765

Three consecutive close + weekly close above 4765 will take it to 4860---4920 and then 4980+ mark in days to come, else could test its support level of 4450 again

Fresh selling can initiate only close below 4450





TMC



Support at 7400 and resistance at 7550

Above 7550…. It can touch 7700—7800+ marks else could test is support level of 7400 again

Fresh selling can initiate only close below 7400 mark.






Cocudakl 



Support 1860 and resistance at 1940

Above 1940 we can see sharp upside rally in it else could test its support level of 1860 again

Fresh selling can initiate only below 1860 mark.









More levels will update soon