Sun Flower Oil- Kakinada - Expect Near Term Correction With Volatility

Dated 01/04/2019

Sun Flower Oil- Kakinada Last Close- 740 - Expect Near Term Correction With Volatility

Retracement levels of the rally from 623 to 825 are at 726-700 and same levels are likely to offer support.

Resistance will be at 765-795-810.

Further rally can continue whenever breakout above 825 is witnessed.

Conclusion

Expect resistance at higher and near term correction is likely with volatility till 825 is not crossed.

Expect retracement to be tested and can be used for accumulation.