Dated 27/02/2017
Barely Jaipur- Last Close-15292: Correction is for accumulation
Monthly Chart
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The support of 1785 was violated and correction was seen.
The low registered in last fortnight was 1552.
Correction of the last rally from 1130 to 1825 has been witnessed.
Retracement levels are 1564, 1479 and 1403.
Further weakness is below 1552 for 1479 or below.
Expect retracement to be tested before moving higher.
Conclusion
Expect correction to retracement levels first before moving higher.
Rise above 1826 will mean a rising phase to continue with volatility for 2030 in short to medium term.
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