Dated 09/05/2017
COTTON BALES – Rajkot-Last Close- 20280 – Expect near term correction
Monthly Chart
Accumulate at 20025-19709-19393 as and when the opportunity arises.
Correction to retracement of 20025-19709-19393 is likely before moving higher above 21100.
Conclusion
Expect near term down trend with overall up trend for correction and retracement of the last rise from 18270 to 21070 during the period Nov’16 to April’17.