Monday, 22 December 2014

LATTEST CS AGRI NEWS NCDEX SOYABEAN -22 DEC 2014


cs soyabean, NCDEX soyabean, Agri Commodity Tips, free agri calls, Free Agri Tips, Futures Trading Tips
Outlook turns bullish for Soybean
  • Soybean futures were trading positive on Monday. Bullish trade is predicted for the commodity for short term. Intra day trade is likely to be side ways.
  • Soybean January contract gained 0.64% to 3316 levels on Monday at NCDEX.
  • Soya bean January contract is likely to trade bullish for short term and sideways for intra day. Short term support is seen at 3210 and resistance at 3420. “Intra day support is seen at 3280 and and resistance at 3330.
Fresh selling seen in Soybean, down at 3291
  • Soyabean settled down -0.12% at 3291 tracking weakness in spot demand and overseas prices.
  • Technically market is under fresh selling as market has witnessed gain in open interest by 0.64% to settled at 129420 while prices down -4 rupee.
  • now Soyabean is getting support at 3279 and below same could see a test of 3268 level, and resistance is now likely to be seen at 3303, a move above could see prices testing 3316.



0 comments:

Post a Comment