Technical:Wheat Spot Delhi-Accumulate On Decline

Dated 17/07/2018

Wheat Spot Delhi- Last Close - 1908- Accumulate On Decline

In last few updates, we had hinted about the possible reversal and the same has been witnessed.

Breakout above 1791 has been witnessed.

Expect a rally towards 1963-2039-2113.

Accumulate on correction if any to 1850 and below towards the averages of 1800.

Conclusion

Accumulate on decline.

Expect a rally in near term.