Dated 19/12/2018
Guar Gum Jodhpur- Last Close - 8643- Correction In Progress
Retracement levels of the rise from 7537 to 10304 are placed at 8546.
Support will be at 8460-8164.
Resistance will be at 8910-9002.
Correction is being witnessed and support of 8545-8560-8164 can be tested.
Overall movement is likely to be between 10291 and 7386 for time to come.
The bottom of 7386 is critical for medium to long term and correction towards can find support.
Trend is down for correction and till reversal is not witnessed expect lower side bias to test support.
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Conclusion
Accumulate at support of 8460-8164 as the correction may test the same. Further major rally is only when breakout above 10304 is not crossed.
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