Technical: Turmeric Nizamabad - Trend Further Down Below 7180 Closing

Dated 11/01/2017

TURMERIC NIZAMBAD- Trend Further Down Below 7180 Closing

Trend is down and oscillating around the moving average as shown in the chart.

Support cluster is at current level of 7339-7190.


Downside momentum for correction will continue below 7190 closing.


Reversal from correction will be witnessed if sustained rise and close above 7810.

Further lower level is 6660 below 7190.

Conclusion

Sideways movement is being witnessed and next directional movement for short term can be out of the band 7810-7190.

Downside momentum is below 7190 for 6660.