Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo

Agri Weekly Report: Motilal Oswal

According to Motilal Oswal, NCDEX Soyabean has been making higher peaks and higher troughs on daily charts which indicates strength in the prices of the commodity.

January 12, 2021 / 02:49 PM IST

Motilal Oswal's report on Agri Weekly


NCDEX Soyabean has been making higher peaks and higher troughs on daily charts which indicates strength in the prices of the commodity. Going ahead, Rs.4470 remains strong support and bias remains positive as long as it is trading above the support zone. Intermediate support is placed in the range of Rs.4550-4570 levels. On the higher side the commodity is likely to test Rs.4800 – 4950 levels. Also, RSI has been sustaining well above the mid-point of 50 level which indicates strength in the prices of the commodity.



Outlook


Thus, dip buying is recommended as long as the counter is trading above the support level of Rs.4470.


For all commodities report, click here

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Broker Research
first published: Jan 12, 2021 02:49 pm

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