Dated 22/03/2017
Cotton Seed Gujarat Kadi- Last Close (Mean)- 21/03/2017- 497.5: Sideways consolidation
Monthly Chart
Correction and consolidation of the rise from 455 to 545 is being witnessed.
Lower range of 480-455 is likely to be tested before making attempts to move higher.
Breakdown is below 455 closing. Upside breakout is above 545.
Conclusion
Consolidation between 484-455 can be seen before moving higher above 545.