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Tuesday, June 6, 2017

Agro Commodity Update (06-June-2017)






Soybean





Support at 2710 and Resistance at 2800

Trend looks positive and could touch its resistance level of 2800.

Break and sustain above 2800 will take it to 2850---2880++ mark.

Fresh selling can be initiated below 2710



Soyaref



Support at 616 and resistance of 622.50

Break and sustain above 622.50 will take it to 625—628++ mark else could touch its support level of 616 again.

Fresh selling can be initiated below 616.

Trade with levels only.



Dhaniya 






Support at 4650 and Resistance is 4800

Close above 4800 will take it to 4870---4930 and then to 5000+++ mark else could touch its support level of 4650.

Fresh selling can be initiated below 4650


Jeera 






Support is 18000 and resistance is at 18300

Close 18300 will take it to 18700---18950 and then to 19200 mark in days to come else could touch its support level of 18000 again.

Fresh selling can be seen below 18000



Rmseed




Support at 3500 and Resistance 3600

Close above 3600 will take it to 3650—3680 and then to 3730++ mark in days to come else could touch its support level of 3500.

Fresh selling can be initiated below 3500

Trade with levels only.



Turmeric








Support is 5300 and resistance is at 5520

Trade in a range with levels only and wait for confirmation


Cocudakl





Support 1650 and resistance at 1710.

Looks weak and close below 1650 will take it to 1610---1570 mark else could touch its resistance level of 1710 again.

Trade with levels only.




Mentha oil (June)






Support at 900 and resistance at 915

Looks positive and could touch its resistance level of 915, close above 915 will take it to 925—930 and then to 945+ mark else could touch its support level of 900

Fresh selling can be initiated below 900


CPO (June)





Support at 490 and Resistance at 500

Trading in a range and either side breakout will confirm the further trend

Trade with levels only 



Castor Seed





Support at 4260 and Resistance at 4440

Close above 4440 will take it to 4500—4580++ mark else could touch its support level of 4260.

Fresh selling can be seen below 4260

Trade with levels only















More will update soon!!