Technical: Mustard Seed Jaipur- Support Could Be Fetched At Lower Levels

Dated 15/03/2015

MUSTARD SEED JAIPUR- Last Close-14/03/2017-3827.50: Support could be fetched at lower levels

Monthly Chart

Breakdown below 4000 was witnessed.

As indicated in last update that fall below 4000 could lead to a slide to 3810-3640 and 3350-3420.

The low registered till now is 3775.

Expect the support level of 3810-3640 and 3350-3420 to be tested with volatility.

Conclusion

Support, recovery and bounce can happen from 3740 and 3600.

Reversal confirmed can resume on close above 4070.