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Sunday, 17 March 2013

SOYABEAN TREND & INTRADAY LEVELS

SOYABEAN TREND & INTRADAY LEVELS
                                             
Mar/18/2013.CMP-3657 The Soyabean is in perfect uptrend .Currently Soyabean is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Soyabean is now trading in oversold level. The Soyabean is now trading in oversold level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Soyabean is 3514-3445-3392-3322-3291-3272-. Immediate resistance for Soyabean is 3685
Intraday Trend- Buy is advised only above 3735.5 with a stop at 3614.2 Below 3578.8 go for sell and put stop at 3699.9
Intraday Resistance of SOYABEAN are 3692.5/3728/3787/3745.1/3775.7
Intraday Support of SOYABEAN are 3621.5/3586/3527/3504.3/3474.7

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