Guar seed (March):- Last week Guar seed February contract did our target of 13100 above the level of 12800 and even sustained above it. Last week Guar seed March contract initially opened on a negative note but it remained bullish for the remaining part of the week and even closed at its weekly high. For this week Guar seed has resistance at 13700 and support at 12700.
Resistance: 16520 - 14120.
Support: 12320 - 9320.
Strategy: For this week in Guar seed March contract traders should go for buying at lower levels strategy, if Guar seed sustains above the level of 13700 we can see the level of 14000, and below 12700 it can touch the level of 12450.
Soyabean (February):- Last week Soybean did our target of 2525 above the level of 2485 but price was not able to sustain at higher level. Last week in the initial half of the week Soybean was bullish and we saw good buying coming at lower levels but in the later half of the week we saw a slight profit booking coming. For this week Soybean has resistance at 2530 and support at 2465.
Resistance: 16520 - 14120.
Support: 12320 - 9320.
Strategy: For this week in Guar seed March contract traders should go for buying at lower levels strategy, if Guar seed sustains above the level of 13700 we can see the level of 14000, and below 12700 it can touch the level of 12450.
Soyabean (February):- Last week Soybean did our target of 2525 above the level of 2485 but price was not able to sustain at higher level. Last week in the initial half of the week Soybean was bullish and we saw good buying coming at lower levels but in the later half of the week we saw a slight profit booking coming. For this week Soybean has resistance at 2530 and support at 2465.