Dated 22/02/2017
Cotton Seed Gujarat Kadi- Last Close (Mean)-20/02/2017-522.50: Expect Correction/Consolidation
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(Monthly Chart)
Further rise is above 545.
Support is at 480-455.
Expect volatility and sideways movement between 545-455.
For Near term to short term use rise to exit long position till 545 is not crossed.
Upside momentum is above 545.
Conclusion
Rise and pullback can continue if 545 is crossed.
Accumulate at lower range of 480 -455.
Minor correction and consolidation could happen between 545 and 455.
Eventually expect a rise above 545 with volatility in due course if time
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