Technical: Wheat Spot Delhi- Up Trend In Progress

Dated 22/11/2018

Wheat Spot Delhi- Last Close - 2090- Up Trend In Progress

Expect higher level of 2114 to be tested at least in near term.

On sustained rise above 2114 the rise can extend to 2400.

Support will be at 2060-2047-2030.

Down movements will resume below 2030.




Conclusion

Up trend is progress for 2114 at least from current level of 2090.

Subsequently, if sustains above 2114 then rally will extend towards 2400.