Technical : Canada Matar Mumbai Spot : Reversal is witnessed

MUMBAI MATAR CANADA - Last Close- : 2566 - Reversal is witnessed

Up Trend has resume as prices above the averages.

The 55 VA is still below 89 VA but will confirm the bull market short term as price settle down after current move spike.

Expect a rally to 2762 and 3200.

For near term expect 2762.

Support will be at 2300.

Conclusion

Reversal has been witnessed and expect a rally to 2762 and 3200 in due course of time.