MCX Agri Commodities Weekly Pivot Supports and
Resistances for Jan'21
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Commodity
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S3
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S2
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S1
|
PP
|
R1
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R2
|
R3
|
Cardamom
|
987.33
|
1004.47
|
1019.63
|
1036.77
|
1051.93
|
1069.07
|
1084.23
|
Cotton
|
16083.33
|
16166.67
|
16273.33
|
16356.67
|
16463.33
|
16546.67
|
16653.33
|
CPO
|
402.60
|
414.50
|
428.50
|
440.40
|
454.40
|
466.30
|
480.30
|
Kapas
|
874.57
|
884.93
|
894.17
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904.53
|
913.77
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924.13
|
933.37
|
Kapaskhali
|
1277.67
|
1299.33
|
1310.67
|
1332.33
|
1343.67
|
1365.33
|
1376.67
|
Menthaoil
|
1215.17
|
1266.63
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1296.07
|
1347.53
|
1376.97
|
1428.43
|
1457.87
|
Points To Remember when using Pivot levels
Three most important pivot levels are
Pivot point -P
First Support-S1.
In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be achieved.
In Weekly Pivot levels are useful when MCX market trading in New Range/Levels.Weekly Pivot levels more likely to useful for Trend Reversal/Breakout points.When MCX Market in trading downwards,weekly Pivot levels may give prediciton of Market s downside point/Support/Trend reversal point.
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