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Friday, March 31, 2017

Agri Commodity Update






Soyabean





Support at 2830---2760 and Resistance at 2900 

Weekly close above 2900 will take it to 2960—3050 and then to 3150+ mark in days to come else could touch its support level of 2830---2760 again.

Trade with levels only.



Soyaref





Support at 630 and Resistance 645

Looks positive and could touch its resistance level of 645. Further upside rally will see only close above 645 mark else it could touch its support level of 630 again.

Trade with levels only.



Guarseed






We are holding long as a positional call in Guarseed.

Above 4050 rally remain continue till 4180—4250 and then to 4500+ mark in days to come else could touch its support level of 3750 again

Looks weak below 3750 only.


Dhaniya 





We clearly indicated Dhaniya looks positive above 7350 it flared and made high of 7555.

Now what to expect??

Hurdle at 7600, Break and sustain above 7600 will see more upside move in it.

 7350 will act as major support.




Jeera






Support at 17700 and Resistance at 18450

Trading in range either side breakout with volumes will decide further.




RM Seed 






Support at 3900 and Resistance 4000--4050

Trend looks positive and could touch its resistance level of 4000-4050, further upside rally will see above 4050 mark.

We are holding long as a positional call.



TMC







Support at 6220 and Resistance 6400


Break and sustain above 6400 will take it to 6550—6680 and then to 6850 + mark in days to come, else could touch its support level of 6220.

Looks weak only below 6220



Cocudakl






Support 2100 and resistance at 2150

Above 2150 …it can touch 2300---2380 and then to 2410+ mark else could test its support level of 2100.

Fresh selling only below 2100




Mentha oil 






Support at 980 and resistance at 1000-1005

Weekly close below 980 will take it to 950---935+ and then to 915 mark else could test its resistance level of 1000-1005 again.

Fresh buying only above 1005.00



CPO 





Support at 505 and Resistance at 518—520

Break and sustain above 520 will take it to 525—530 and then to 535+ mark else could touch its support level of 505


Sugar






Support at 3750 and Resistance at 3800

Break and sustain below 3750 will take it to 3660---3610 and then to 3580 else could touch its resistance level of 3800.

Fresh buying can be initiated above 3800



Castor Seed







Above 4800…. Rally remain continue till 4950—5000 and then to 5200+ mark.

Support intact at 4600



GuarGum





Above 8400 it can touch 8600---8750 and then to 8950+++ mark in days to come

Fresh selling can be initiated below 8000 mark.





















More will update soon!!