Technical: Wheat Delhi- Trend Appears To Be Up

Dated 13/01/2017

Expect a rise towards 2225 to 2395 in near term.

In the event of a further rally above 2395 the rally can get extend to 2650.

Overall weakness will continue below 1950.

Correction from current level could provide opportunity for long position consolidation.

Support will be at 2123-2074.

Conclusion

Trend appears to be up to test higher levels of 2225 and 2395 at least.