Soyabean
Last week Soybean did a low of 2420 below the level of 2450 almost doing our target of 2415. Last week Soybean was bearish for most part of the week but it was not able to sustain below the support of 2435 and we saw slight profit booking coming on the last day of the week. For this week Soybean has resistance at 2485 and support at 2420.
Resistance: 2617 - 2498.
Support: 2419 - 2301.
Strategy: For this week in Soybean one should go for sell on higher level strategy. If it sustains below the level of 2420 we can see the level of 2380 and on the upside if it sustains above 2485 level we can see Soybean at 2525 level.
Chana
Last week Chana did our target of 3300 above the level of 3250 and even closed near to it it. Last week in Chana we saw good short covering coming at lower levels and it remained bullish for most part of the week. For this week Chana has resistance at 3315 and support at 3185.
Resistance: 3700 - 3362.
Support: 3120 - 2732.
Strategy: For this week in Chana one should go for sell at higher level strategy. If it sustains below 3185 we can see the level of 3125 and on the upside if it sustains above the level of 3315 we can see Chana at 3365.
Last week Soybean did a low of 2420 below the level of 2450 almost doing our target of 2415. Last week Soybean was bearish for most part of the week but it was not able to sustain below the support of 2435 and we saw slight profit booking coming on the last day of the week. For this week Soybean has resistance at 2485 and support at 2420.
Resistance: 2617 - 2498.
Support: 2419 - 2301.
Strategy: For this week in Soybean one should go for sell on higher level strategy. If it sustains below the level of 2420 we can see the level of 2380 and on the upside if it sustains above 2485 level we can see Soybean at 2525 level.
Chana
Last week Chana did our target of 3300 above the level of 3250 and even closed near to it it. Last week in Chana we saw good short covering coming at lower levels and it remained bullish for most part of the week. For this week Chana has resistance at 3315 and support at 3185.
Resistance: 3700 - 3362.
Support: 3120 - 2732.
Strategy: For this week in Chana one should go for sell at higher level strategy. If it sustains below 3185 we can see the level of 3125 and on the upside if it sustains above the level of 3315 we can see Chana at 3365.
