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Thursday, November 17, 2016

Agri Commodity Update 17 Nov 2016





Soyabean 






Support at 2980 and resistance at 3080


Break and sustain above 3080 will take it to 3145---3175 and then to 3250+ mark else could test its support level of 2980.

Fresh selling below 2980.





Soyaref





Support at 675 and Resistance 686

Close above 686 will take it to 694---700+ marks in days to come else could test its support level of 675.

Fresh selling can initiate only close below 675. 




Guarseed




Support at 3080 and resistance at 3350
Looks positive and could test it's resistance level of 3350. 

Further upside rally will see only close above 3350 mark

Fresh selling can initiate only close below 3080.

Buy on dips will be good trading strategy with stop loss below 3080 on closing basis.



Dhaniya 





Support at 7600 Resistance at 7850


Two consecutive close + weekly close above 7850 will take it to 8050---8200 mark in days to come else could test its support level of 7600 again

Trade with levels only



Jeera 





Support at 17200---16900 and resistance at 17800

Weekly close above 17800 will take it to 18400—18900+ mark in days to come.

Fresh selling only below 16900




RM Seed 





Support at 4450 and Resistance 4650

Two consecutive close + weekly close above 4650 will take it to 4750---4820+ mark in days to come else could test its support level of 4450.

Fresh selling below 4450.



TMC





Support at 6750 and resistance at 7150

Above 7150…. It can touch 7300—7450+ marks else could test is support level of 6750 again. 

Further downside panic will see only close below 6750.




Mentha oil (Nov)




Support at 940 and resistance at 990

Two consecutive close + weekly close above 990 will take it to 1085—1120+ mark else could test its support level of 940.

Looks weak only below 940




CPO (Nov)







Support at 524 and resistance at 540

Looks positive and could test it's resistance level of 540. Weekly close above 540 will see sharp upside rally in it else could test its support level of 524.

Further downside panic only below 524.






More will update soon...