Dated 13/034/2019
Wheat Spot Delhi- Last Close - 1910 - Correction Is In Progress
A correction was expected and the same was witnessed in last fortnight.
A correction from 1705 to 2130 is being witnessed before moving higher above 2130.
Retracement levels are placed at 1975-1900.
Upside can be looked at only when reversal from current fall is witnessed.
Support can be at 1876 and 1730.
Correction is being witnessed possibly to end Wave B.
Once Wave B is complete Wave C will have up direction.
Current direction is down.
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Conclusion
Accumulate at support of 1876 and 1730 as and when the opportunity arises.
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