Category Archives: Agri
#1 Cotton Seed Cake Update (Cocudakl)
Cotton Seed Cake (Cocudakl) December expiry is trading at a string support line which has been tested twice before in last 3 years. With Some simple logic it is trading in a upside channel as you could notice in the attached graph. Currenctly it is at the downside line or you may say at the best possible price to enter. Indicators on daily charts are totally oversold and its trading below all the short term averages. For Short Term traders its clear buy at CMP of 1449 tgts 1463/1488/1513 with sl of 1428 where as for Long term investors also its a buy but with larger SL of 1414 as the weekly charts havent been strong bullers yet. For trading tips on commodities follow us at @chartechnician on twitter and Facebook page Chartechnician
#2 Chana Update
Our strategy is status quo for investors while traders could add to shorts below 3063 with old tgt 3044 and extended 2990. For traders now trailing SL is 3174(closing)
#1 Chana Update:
Our strategy: For Short Term traders: SHORT CHANA (OCT) WITH A CLOSING SL OF 3200 AND TGTS OF 3100/3044
For long term Investros: BUY ON DIPS AT 3103 AND 2983 AND ON THE REVERSE SIDE BUY BLINDLY ABOVE 3200
#2 Soyabean Update: closed at 3367
Strategy: HOLD Shorts initiated around 3500 levels with the SL at Cost Price. Book partial profits at 3288 and Full profit at 3190