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Thursday, May 25, 2017

Agri Commodity Update





Soyabean







Below 2750… Panic remain continue till 2705---2660 and then to 2550 mark.

Hurdle and stop loss above 2810


Trade with levels only.




Soyaref






Support at 628 and Resistance 641

Break and close below 628 will take it to 622—619 and then to 615 mark in days to come else could touch its resistance level of 641 again.

Fresh buying can be initiated above 641


Guarseed







Support at 3450 and Resistance at 3600


Trend looks weak and could touch its support level of 3450. Weekly close below 3450 will take it to 3380—3350 and then to 3280 mark in days to come else could touch its resistance level of 3600 mark.

Further upside rally will see above 3600 mark.



Dhaniya 




Panic continues... Now what to expect??

Support at 4800. Three consecutives close + weekly close below 4800 will take it to 4350—3980 in days to come else could touch its resistance level of 5200 again.

Dead cat bounce will see only close above 5200 mark



Jeera 





Weekly close below 17700 will take it to 17300---16800 and then to 16000 mark in days to come else could touch its resistance level of 18000 again.

Over all trend looks weak... So any sharp rise will be selling opportunity in it.



RM Seed 




We have seen vertical crash in Rmseed. 

Now what to expect???

Support at 3500 and Resistance 3650

Three consecutive close + weekly close below 3500 will take it to 3420---3350 mark else could touch its resistance level of 3650 again.

Further upside rally will see on close above 3650




TMC



Weekly close below 5300 will take it to 5050—4900 mark in days to come.

Hurdle intact at 5500---5650




Cocudakl





We have seen mind blowing panic in Cocudakl. 

Now what to expect???

Support 1830 and resistance at 1920

Weekly close below 1830 will take it to 1780—1740 and then to 1630 mark else could touch its resistance level of 1920 again.

Fresh buying can be initiated above 1920 mark




Mentha oil 




Support at 940---915 and resistance at 968

Weekly close above 968 will take it to 990---1000 and then to 1030 mark else could test its support level of 940---915 again.

Fresh selling can be initiated below 915 mark.




CPO 





Support at 518 and Resistance at 526

Weekly close below 518 will take it to 509---505 mark in days to come else could touch its resistance level of 526 again.

Fresh buying can be initiated above 526




Castor Seed




Support at 4400 and Resistance at 4580---4650

Weekly close below 4400 will take it to 4250---4380 and then will expect free fall in it else could touch its resistance again

Trade with levels only



Guargum 





Support at 7500 and Resistance at 7750

Two consecutive closes + weekly close below 7500 will see sharp downside panic till 7000---6800 and then to 5600 mark in days to come

Hurdle and stop loss above 8000 on closing basis.















More will update soon!!