Dated : 17/12/2018
Cotton 1 Bales Rajkot- Last Close-21510- Retracement To Provide Support
Retracement of the rise from 18170 to 23440 is likely to be witnessed.
Retracement levels are at 21420-20716-20111.
The low in last few days has been 21390.
Further weakness and correction is below 21390.
Resistance will be at 21740-22050-22520.
Conclusion
Correction towards retracement levels of 21420-20716-20111 can be for accumulation.