20/2/2020
Today's agri levels (20th February 2020)
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Fundamental Aspect:
Turmeric prices are on a winning streak as the arrival is falling in the physical market. RKV Ravishankar, President, Erode Turmeric Merchants Association said, “Only 106 bags of medium and poor quality old turmeric arrived at the Regulated Marketing Committee on Wednesday. Of this 86 bags were sold”
Technical Aspect
Dhaniya (April)
Dhaniya has its support at 6040 and resistance 6200.
Break and sustain below 6040 will see a rise till 5900---5800 levels or else it can touch its resistance level of 6200 again.
Sell it on rise!
Trade with levels only!
Soybean (March)
Soybean has its support at 3830 and resistance 3910.
Break and sustain above 3910 will see a rise till 4000---4100 levels or else it can touch its support level of 3830 again.
Fresh selling can be done only a close below 3830.
Trade with levels only.
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