Dated 14/05/2018
MUSTARD SEED JAIPUR- Last Close - : 3957- Support Likely At Lower Range
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Wave (e) for larger degree Wave B is in progress which may end around 3950 or at 3705 or below.
Resistance will be at 4063.
The lower top is around 4105.
Expect lower level of 3950 or 3705 to be tested before moving higher above the resistance of 4063 and 4105.
Conclusion
Correction is in progress for Wave e as the trend is still down with lower top and lower bottom formation.
The low registered till now is 3900 therefore lower range is likely to provide support at 3950 and 3705
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