HomeNewsBusinessStocksSell Soybean, RM Seed on pullbacks : Geofin Comtrade

Sell Soybean, RM Seed on pullbacks : Geofin Comtrade

Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Sell Soybean, RM Seed on pullbacks and buy CPO on dips in its research report dated Jan 18, 2016.

January 18, 2016 / 12:20 IST
Story continues below Advertisement

Geofin Comtrade report on agricultural commoditiesJeera Mar NCDEX: Current short covering may extend towards 14000-14100 levels, before resuming next wave of corrective selloffs to 13700/13500 levels in the near term. Chana Apr NCDEX: If unable to trade above 4455, expect to see lower correction towards 4340/4310 levels. On the other side, a direct voluminous break above 4460 could see a major rise to 4500 levelsRMseed Apr NCDEX : Currently prices need to split off the immediate base support of 4098 for selling pressure to continue towards 4078/4050 levels. CPO Jan MCX : If prices able to stay above 416 could see pullbacks to 422/424/426 levels.Soybean Feb NCDEX : Prices need to clear the immediate support of 3750, for the following long liquidations to continue towards 3705/3670 levels. StrategiesSELL RMSEED ON PULLBACKS SELL SOYBEAN ON PULLBACKS BUY CPO ON DIPS For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Jan 18, 2016 12:20 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!