Dated 25/06/2018
MUMBAI MATAR CANADA - Last Close- : 3375- Higher range may attract profit booking
Earlier we have already indicated about the Bull Market in Matar.
The peak was at 3500 and the same could be tested.
We had expected the price to move higher to test 3481 and current price is at 3375.
Expect resistance and profits booking pressure at 3400-3500 zone.
Trend has been up and any correction if any may test the 55 VA and 89 VA which are at 3161 and 3003.
The momentary bias is to test 3500 or above level.
Conclusion
Profit booking on long position till peak of 3525 is not crossed on sustained basis is to be adopted.
0 Comments 
Post Comment 
