Mumbai Matar Canada -Correction For Near Term

Dated 19/03/2019

Mumbai Matar Canada - Last Close- : 4412: Correction For Near Term

Correction will be seen in near term to be witnessed.

Retracement levels are placed at 3871-3539-3171.

Support will be at 4294-4150.

A fall and close below 4150 can show a decline to retracement level.

Resistance will be at 4650-5000.



Conclusion

For near term exit long on rise from 4412 to 5000 as the opportunity arises.

Re-enter long above 5000 as the opportunity arises.

Accumulate an correction as rally towards 3871-3530-3171 is possible with volatility and minor correction.