Technical: Mumbai Matar Canada - Pullback Being Witnessed

Dated 23/1/2017

MUMBAI MATAR CANNADA - Last Close (21 Jan 2017) 2,481/- Per Quintal- Pullback Being Witnessed

Pullback towards DRV of 2523 has been witnessed as last week the high registered was 2501.


Overall fall will continue if sustains above 2131.


Support will be around 2301-2200.

Up trend could be witnessed if sustains above DRV-2523 as shown for near term to short term.

Conclusion

Pullback being witnessed form demand zone.