Monday 28 January 2013

Agri Market News and trends for trading


CHANA (19 APR.)
TREND: BULLISH
RES 1: 3640
RES 2: 3665
SUPP 1: 3610
SUPP 2: 3580
STRATEGY: BUY ON DIPS

Rajasthan line and MP line chana opened steady on slow demand at Lawrence Road market in Delhi on Friday. Arrival stood 35-40 trucks in the market.


SOYABEAN (20 FEB.)
TREND: CONSOLIDATE
RES 1: 3270
RES 2: 3300
SUPP 1: 3230
SUPP 2: 3200
STRATEGY: BUY ON DIPS

Refined soy oil traded firm in major spot markets on limited supply, although BMD CPO futures quoted lower today due to weak exports.


TURMERIC (19 APR.)
TREND: CONSOLIDATE
RES 1: 6270
RES 2: 6360
SUPP 1:6130
SUPP 2: 6060
STRATEGY: SELL ON HIGHS



RMSEED (19 APR.)
TREND: CONSOLIDATE
RES 1: 3490
RES 2: 3525
SUPP 1: 3450
SUPP 2: 3430
STRATEGY: BUY ON DIPS





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