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Monday, December 26, 2016

Update on Agri Commodity Levels







Soyabean


Support at 2900 and Resistance at 3050

Three consecutive close + weekly close above 3050 will take it to 3150---3220 and then to 3300 else could test its support level of 2900 again.

Looks weak only close below 2900





Soyaref


Support at 703 and Resistance at 713.50

Look weak and could test its support level of 703. A break and close below 703 will see more downside panic till 696---692 else could test its resistance level of 713.50 again.

Further upside rally will see on close above 713.50.




RM Seed


Support at 4175 and Resistance at 4450

We will expect range bound trading for next few weeks. So traders can trade in a range with strict stop loss and wait for confirmation.




TMC 


Support at 6700 and Resistance at 6900

Break and close below 6700 will take to 6450----6300 mark else could tests its Resistance level of 6900.

Further upside rally will only close above 6900



Jeera


Support at 16600 and Resistance at 17300

Two consecutive close above 17300 will take to 17800---18200 else could test its support level of 16600 again.

Fresh selling can be initiated below 16600




Dhaniya 


Support at 7350 and Resistance at 7600

Close below 7350 will take to 7200---7050 mark else could test its resistance level of 7600 again.

Further upside rally will see only close above 7600











More will update soon!!