April RM seed future prices traded sideways to marginally higher and after making a high of 478 it settled at 474.20 levels.

The next immediate support is at 469 levels on break below expected to fall in the near term. Likewise, resistances are at 479 then 482 levels.

We expect sideways to lower price movements and recommend selling.

RM seed: Sell April below 471.50 TP 468.50 SL 473

Courtesy: Karvy Commtrade Ltd.

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