NCDEX Jeera
Last week Jeera was in a bearish trend for most part of the week, we saw good selling coming at higher levels but it took support of the 15700 level and price was not able to sustain below it and we saw some good short covering coming at the end of the week. For this week Jeera has resistance at 16350 and support at 15500.
Resistance3: 17723, Resistance2: 16898, Resistance1: 16469, Pivot Point: 16073
Support1: 15644, Support2: 15248, Support3: 14423
Strategy: Jeera is in a consolidation phase and one should use the strategy of sell on higher levels. If in this week Jeera sustains below the level of 15500 then we can expect the level of 15200, and if it sustains above 16350 then we can see the level of 16600.
Guar Seed Outlook
Last week Guar seed did our target of 10700 above the level of 10500 and even closed above it. Last week Guar seed initially faced a slight resistance near the psychological level of 10000 but later in the week we saw good buying coming at lower levels and it closed near to its weekly high. For this week Guar seed has resistance at 12300 and support at 10500.
Resistance3: 15343, Resistance2: 13234, Resistance1: 12531, Pivot Point: 11125
Support1: 10422, Support2: 9016, Support3: 6907
Strategy: For this week in Guar seed traders should go for buying at lower levels strategy, if Guar seed sustains above the level of 12300 we can see the level of 12600, and below 10500 it can touch the level of 10250.
Soyabean NCDEX
Last week Soybean did our target of 2515 below the level of 2545 but was not able to sustain below it. Last week in the initial few days Soybean was in a bearish trend and price was not able to sustain at higher levels but in the later half of the week we saw some good short covering coming at lower levels. For this week Soybean has resistance at 2600 and support at 2450.
Resistance3: 2817, Resistance2: 2671, Resistance1: 12596, Pivot Point: 2525
Support1: 2450, Support2: 2379, Support3: 2233
Strategy: For this week in Soybean one should go for sell on higher level strategy. If it sustains below the level of 2450 we can see the level of 2415 and on the upside if it sustains above 2600 level we can see Soybean at 2630 level.
NCDEX Chana
Last week Chana did our target of 3250 below the level of 3295 and even closed below it. Last week Chana was majorly in a bearish trend but later in the week it took support of the important level of 3125 and we saw some good short covering coming at lower levels. For this week Chana has resistance at 3300 and support at 3125.
Resistance3: 3680, Resistance2: 3458, Resistance1: 3342, Pivot Point: 3236
Support1: 3120, Support2: 3014, Support3: 2792
Strategy: For this week in Chana one should go for sell at higher level strategy. If it sustains below 3125 we can see the level of 3080 and on the upside if it sustains above the level of 3300 we can see Chana at 3340.
TBC3T7VXS9ME
Last week Jeera was in a bearish trend for most part of the week, we saw good selling coming at higher levels but it took support of the 15700 level and price was not able to sustain below it and we saw some good short covering coming at the end of the week. For this week Jeera has resistance at 16350 and support at 15500.
Resistance3: 17723, Resistance2: 16898, Resistance1: 16469, Pivot Point: 16073
Support1: 15644, Support2: 15248, Support3: 14423
Strategy: Jeera is in a consolidation phase and one should use the strategy of sell on higher levels. If in this week Jeera sustains below the level of 15500 then we can expect the level of 15200, and if it sustains above 16350 then we can see the level of 16600.
Guar Seed Outlook
Last week Guar seed did our target of 10700 above the level of 10500 and even closed above it. Last week Guar seed initially faced a slight resistance near the psychological level of 10000 but later in the week we saw good buying coming at lower levels and it closed near to its weekly high. For this week Guar seed has resistance at 12300 and support at 10500.
Resistance3: 15343, Resistance2: 13234, Resistance1: 12531, Pivot Point: 11125
Support1: 10422, Support2: 9016, Support3: 6907
Strategy: For this week in Guar seed traders should go for buying at lower levels strategy, if Guar seed sustains above the level of 12300 we can see the level of 12600, and below 10500 it can touch the level of 10250.
Soyabean NCDEX
Last week Soybean did our target of 2515 below the level of 2545 but was not able to sustain below it. Last week in the initial few days Soybean was in a bearish trend and price was not able to sustain at higher levels but in the later half of the week we saw some good short covering coming at lower levels. For this week Soybean has resistance at 2600 and support at 2450.
Resistance3: 2817, Resistance2: 2671, Resistance1: 12596, Pivot Point: 2525
Support1: 2450, Support2: 2379, Support3: 2233
Strategy: For this week in Soybean one should go for sell on higher level strategy. If it sustains below the level of 2450 we can see the level of 2415 and on the upside if it sustains above 2600 level we can see Soybean at 2630 level.
NCDEX Chana
Last week Chana did our target of 3250 below the level of 3295 and even closed below it. Last week Chana was majorly in a bearish trend but later in the week it took support of the important level of 3125 and we saw some good short covering coming at lower levels. For this week Chana has resistance at 3300 and support at 3125.
Resistance3: 3680, Resistance2: 3458, Resistance1: 3342, Pivot Point: 3236
Support1: 3120, Support2: 3014, Support3: 2792
Strategy: For this week in Chana one should go for sell at higher level strategy. If it sustains below 3125 we can see the level of 3080 and on the upside if it sustains above the level of 3300 we can see Chana at 3340.
TBC3T7VXS9ME
