Trend is bullish. Some profit booking done by the traders. Bollinger band support is at 4165.Stochastic showing downside but still above 80 levels so can’t go short aggressively. Today’s closing is at lower circuit so it can be negative for short term but depends on next day opening.
Channa took resistance near 3150. It is reversal pattern and short is advised to positional traders if open in red candle or converted in red candle during the day with day high as stop loss for intraday traders and 3153 for positional traders.
Soyabean failed to give close above 2465. Nearest support is at 2398 and closing below this level can take soyabean to 2360. So traders advised not to take short position as of now.