Dated - 20/12/2018
Turmeric Nizambad- Last Close- 7031- Correction/Sideways Volatility Continues
The view mentioned in last update remains the same for next fortnight.
Contraction and sideways movement continued in last fortnight.
The last narrowest band is 7856 to 6341.
Support will be at 6879-6340.
Resistance will be at 7228-7856.
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Conclusion
Contraction of movement has been witnessed and is expected to show directional movement in near term as breakout above 7228 is likely. Accumulate as long as 6341 is not violated.
Expect upside momentum if 7688 is crossed.
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