Dated 31/07/2017
Barely Jaipur : Expect Support at lower range
Monthly Chart
Correction of the last rally from 1130 to 1825 is being witnessed.
Retracement levels is 1403.
The low registered till now is 1417.
Expect 1403 to be tested in near term with volatility.
Expect support at current level of 1435-1400 in near term.
Recovery chance from lower range cannot be ruled out unless decisive break down below 1400 is witnessed.
Conclusion
Expect support at current level to 1400.
Trend is down and lower range can mark reversal as long as 1400 is not violated.