Dated 03/01/2017
COTTON ICE:
Resistance is at 73.72-77.
Further rally can be witnessed above 77.
Support will be at 67-65.
The fall can be for Wave e of (a) of Wave B.
Breakout and close above 77 is essential otherwise consolidation correction will be continued.
Conclusion
As long as 77 is not crossed objective remains to exit long.
Consolidation can be witnessed if fall towards 57-56 is witnessed.
Immediate support is at 67-65.