Technical: Mumbai Matar- Near Term Reversal Above 2501 21 Feb 2017 11:12 am   0 Comments  |   Post Comment  |  Font Size A A A  Dated 21/2/2017 MUMBAI MATAR CANNADA - last close- 18/02/2017- Near term reversal above 2501 (Weekly Chart) Near term reversal for down trend to uptrend can be witnessed on sustained rise and close above 2501. Expect resistance around 2501. Support is at 2381-2311. A fall and close below 2300 can lead to a slide to test back the low of 2131. Overall fall will continue if sustains above 2131. Support will be around 2301-2200. Up trend could be witnessed if sustains above DRV-2523 as shown for near term to short term. Conclusion Up Trend is above 2301 closing. Weakness for down trend will continue below 2380 closing.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Special Reports Fed Decision Spurs MCX Surge: Record Gains Unveiled more Top 5 News Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 19 Apr 2024 DCE Oil Complex Evening Closing - 19 Apr 2024 MATAR ICE/ZCE Daily Rates Update ( Time: 20:19 ) - 19 APRL 2... DCE Daily Rates Update ( Time: 20:18 ) - 19 APRL 2024