Dated 27/12/2017
GUAR GUM JODHPUR- Last Close 9553- Expect Near Term Rally With Volatility
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Prices are above the averages 55VA and 89 VA.
The 55 VA is above 89 VA therefore bull market is in place and further breakout above the resistance on sustained basis can set rally.
In last update, we had indicated that a rally towards 9500 and 12800 is likely.
The high registered till now is 9553.
On further sustained rise above 9600 expect the rise to continue towards 12800. Support will be at 8900-8700.
Conclusion
Trend is up therefore near term rally is in progress.
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