Login ID:
Password:
Partner Login
Contact Us : 7066511911

Technical: Masoor Mumbai Spot - Higher Levels Likely To Be Witnessed

6 Dec 2017 1:05 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 06/12/2017

Lentil (Masoor) - Canda Crimson - Last Close 3450- Higher Levels Likely To Be Witnessed



Support has been witnessed in last fortnight at 3100 and bounce to averages has been witnessed.

Trend is down and Masoor prices are in bear market.

Price is within the averages and 55 VA is below 89 VA.

A sustained rise and close above 89 VA can resume up trend but eventually 55 VA will have to cross 89 VA for bull market.

The 55 VA and 89 VA are placed 3404 and 3570.

Pullback was expected in the last update and the same has been witnessed.

Conclusion
Critical support remains at 3100.

Breakout above 3570 is required to resume the up trend.

The resistance of 3800 is likely to be tested with volatility and consolidation at and above 3100.


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 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 :  
   

Top | Post Comment  

Latest Special Reports
Weekly: Raw Pulses Slump On Dull Demand In Dals, Liquid...
Ag Canada Cuts Pea Export Projections For 2018-19
Technical: Chickpea (Chana)-Accumulate
Burma Urad Opens Weak In Mumbai
Weekly: Chana Gains On Low Sowing Data; Tur Softens On ...
more
Top 5 News
Weekly: Raw Pulses Slump On Dull Demand In Dals, Liquid...
Weekly: Poor Demand Drags Mustard Prices; Eyes On Sowin...
WEEKLY: ICE Cotton Down For Second Straight Week On Dem...
TECHNICAL: CPO Kandla (In USD) - Down Move Currently
Ag Canada Cuts Pea Export Projections For 2018-19
Top 5 Market Commentary
WEEKLY: Gold Prices Recover On Positive Global Cues
Maharashtra Sugar Mill Prices – 17 November 2018
Imported Pulses Close Flat At Mumbai After Early Losses...
Punjab Sugar Mill Prices – 17 November 2018
Uttar Pradesh Sugar Mill Prices - 17 November 2018
Copyright © CC Commodity Info Services LLP. All rights reserved.