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Tuesday, November 29, 2016

Agri Commodity Update 29 November 2016





Soyabean 




Support at 3050---2980 and resistance at 3180

Break and sustain above 3180 will take it to 3280--3340 and then to 3450+ mark else could test its support level of 3050---2980 again.

Fresh selling below 2980 mark






Soyaref




Support at 712---705 and Resistance 722

Close above 722 will see sharp upside rally in it else could test its support level of 712---705 again

Fresh selling only close below 705 mark.





Guarseed



Support at 3200 and resistance at 3400

Three consecutive close above 3400 will take it to 3470---3530 and then to 3600+ mark in days to come … else could test its support level of 3200.

Further downside panic will see only close below 3200 mark.




Dhaniya 



Support at 7900 and Resistance at 8300


Three consecutive close + weekly close above 8300 will take it to 8480—8550+ mark in days to come else could test its support level of 7900 again.

Close below 7900 will see downside panic till 7750---7600 mark.


Trade with levels only





Jeera 



Support at 18600 and resistance at 19300

Break and sustain above 19300 will take it to 19800—20000 mark.

Fresh selling only below 18600





RM Seed 



Support at 4650 and Resistance 4820

Two consecutive close + weekly close above 4820 will take it to 4970--5020 and then 5150+ mark in days to come, else could test its support level of 4650.

Fresh selling can initiate only below 4650 mark





TMC



Support at 7050 and resistance at 7400

Above 7400…. It can touch 7540—7700+ marks else could test is support level of 7050. 

Further downside panic will see only close below 7050.





CPO (Nov)



Support at 545 and resistance at 560

Above 560…it can touch 573—578+ mark else could test its support level of 545.

Further downside panic only below 545.

Trade with levels only














More will update soon!!