WHEAT Spot Delhi- Last Close-1763- Correction/consolidation still happening

Dated 28/09/2017

WHEAT Spot Delhi- Last Close-1763- Correction/consolidation still happening

Monthly Chart

No change over its previous update.

Near term rise towards DRV-1819 can be witnessed.

Support is at 1752 and 1700.

A fall and close below 1700 can extend the slide towards 1650-1600.

Further rise is above 1780.

Consolidation could be happen till 1700 is not violated.

Conclusion

Consolidation could be happening till 1700 is not violated.