Wednesday 31 December 2014

SOYABEAN MAY SEE BULLS RUNS AS Govt HIKES DUTY ON EDIBLE OILS

cs soyabean, Agri Commodity Tips, Free Agri Tips, free agri calls, Futures Trading Tips, NCDEX soyabean
  • Soybean futures may trade on a mixed to positive note on increased import duty on edible oil.
  • NCDEX Soybean Jan futures were trading down on Wednesday taking cues from the international markets and on profit booking on higher levles. NCDEX Soybean January contract slipped 0.68% to 3384 levels on Wedenes day. 
  • Soya bean January contract is likely to trade bullish for short term and sideways for intra day. Short term support is seen at 3270 and resistance at 3490. “Intra day support is seen at 3360 and and resistance at 3420,”.
CS SOYABEAN (JANUARY) TECHNICAL VIEW -

TREND  MIXED TO BEARISH                             STRATEGY: SELL ON RISE

RESIST 2:3460 | RESIST 1:3430                           SUP1:3390 | SUP2:3370

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1 comments:

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