Dated - 19/10/2018
Turmeric Nizambad- Last Close- 6900 - Correction/Sideways Volatility Continues
The view mentioned in last update remains the same for next fortnight.
Contraction and sideways movement continued in last fortnight.
Next directional movement is outside the band 7430 to 6500.
Trend line breakout has not yet been witnessed .
Expect minor correction towards 6700 but must remain above 6500.
Breakout and sustained rise above 7800 is essential to set a rally.
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Conclusion
Accumulate at on correction towards the support of 6700 as near term breakout could be witnessed.
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