Dated 20/01/2017
URAD FAQ MUMBAI- Last Close-6050 – Correction Is In Progress
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Correction is being witnessed.
Expect Urad prices to test the lower level of 5325-4950-4400.
Trend is down and Wave c structure to be in place which test lower level.
Reversal can be witnessed if close is above 7500.
Conclusion
Expect lower level to be tested.
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