Friday, 23 January 2015

Update on Agri Commodity

After high zig zag move... We entered in selling side in Agri Commodity. All crashed vertically. Hope you all enjoyed a lot!!

Have a look on it!!


Told to sell around 448---450. Just made a low of 434. 

Close below 433 will see further panic till 428---425.50 mark. Revise stop loss of 439

Others can wait for fresh entry

MCX Cotton(Jan)

Panic continueeee.. Just made a low of 14150. We are holding short from 15500

Now what to expect??? 

  Revise stop loss of 14550. It could test 13850 mark. Already booked 80% profit

NCDEX Kapas (Apr)

Crashed from 800---731. Our target intact 710---690.

Booked 80% profit.. Revise stop loss of 748

Soyabean (Feb)

Sent message to sell Soyabean below 3445 with stop loss of 3485. Crashed and made a low of 3324

Now what to expect???

Close below 3325 will take to 3280---3250 mark. Revise stop loss of 3360 on closing basis

Soyaref (Feb)

Below 650... our target was 642---636. Again recommended selling in Soyaref below 636. Just made a low of 620.50

Now what to expect???

Close below 622 will take to 618---615 and then to 607

Revise stop loss of 629

Chana (Feb)

Below 3430... our target was 3320---3250. Made a low of 3270 and now trading around 3300. Hope you booked full profit..

Now what to expect???

Chana has support at 3270---3230 and Resistance at 3330

Trade in a range with levels only

Rmseed (Apr)

Below 3510... out target was 3420---3370. Just made a low of 3383

Now what to expect???

Close below 3370 will see further panic till 3330---3270 mark

Revise stop loss of 3480

Dhaniya (Apr)

Our hurdle and target was 7650. It crossed and skyrocketed to 8176

Now will see next week trading volume and direction in Dhaniya... Till then wait for conformation


Below 8800.. out target was 8500---8250---8000. It crashed and made a low of 8280

Now what to expect???

Below 8250.. will see panic in TMC till 8100---8000---7900 mark

Will expect sharp reversal from lower levels

So wait for conformation

More will update soon...

Currency View - USDINR near to second revise target as per the sell strategy given from 61.92-61.91 levels..


Dollar/rupee opened at over 11-week low on likely overseas inflows into local shares and bonds as investors' risk appetite increased after European Central Bank announced massive quantitative easing program at its policy yesterday evening

Sell call given since Monday at 61.92-61.91 levels with stop loss 62.05 was successful with pair drop towards 61.3750 levels. Near to second revise target
Further weakness will expect to continue towards 61.00 and below  levels as recently it broke crucial support 61.54.
However cautious trading should be maintain ahead of Greece voting which will held on Sunday meeting.

Recommendation :

Sell USDINR 61.45-61.50 Target 61.20-61.00 with revise stop loss 61.60.

Euro fell to 11 years low against dollar after the ECB policy decision

The European Central Bank President Mario Draghi said at its monetary policy Thursday the central bank will buy a total of 60 billion euro ($69 billion) a month starting from March 2015 till September 2016 in assets including government bonds, debt securities issued by European institutions and private-sector bonds. 

EURINR rocked as per the yesterday sell strategy given from 71.50-71.55with pair plunged by 2.70% towards 69.7225  

Today, EURINR is expected to test 69.60 levels. Further a break below 69.50 could result decent fall towards 69.00-68.80 and below levels.  Near term resistance is seen at 71.50.


Sell on rise at 70.20-70.30 with a stop loss 70.50 Target 69.90-69.70 (CMP 69.85)


GBPINR witnessed 1.53% negative opening and trading at 92.23 levels sell strategy given below 93.20 from yesterday was successful.  Near term trend still looks negative is hence sell on rise at 92.60-92.70 with stop loss 92.90 is recommend for weekend. 


JPYINR witnessed more than 1% negative opening and trading at 51.92 levels. As per the sell strategy given below 52.05 is almost successful with the pair trading near to first target of 51.70 (recent low 51.8025).

Recommendation :

Sell at 52.05-52.00 Target 51.70-51.45 stop loss 52.25. (CMP : 51.9225)


Thought for the day