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Technical: Turmeric Nizambad-Correction/Sideways Volatility Continues

9 Jan 2019 12:28 pm
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Dated - 09/01/2019

Turmeric Nizambad- Last Close- 6933- Correction/Sideways Volatility Continues

The view mentioned in last update remains the same for next fortnight.

Contraction and sideways movement continued in last fortnight.

Support will be at 6340. Resistance will be at 7242-7688-7856.

Breakout above 7856 will be required for rally to come into existence.

Weakness is below 6340.




Conclusion

Contraction of movement has been witnessed .

Breakout above resistance will be required on sustained basis to show a rally.

Support of 6340 critical and downside breakdown is below 6340.

Current situation is of non-directional movement.


       
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