Dated 09/12/2017
Guargum Jodhpur Spot - Last Close - 8259 - Expect Near Term Rally With Volatility
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Prices are above the averages 55VA and 89 VA.
The 55 VA is above 89 VA therefore bull market is in place and further breakout above the resitance on sustained basis can set rally.
The 55 VA and 89 VA are placed at 8194 and 8019.
Resistance is at 8683.
On sustained rise and close above 8683 expect a rally towards 9500 and 12800.
Correction toward averages can be opportunity for accumulate.
Conclusion
Trend is up therefore near term rally is likely
Consolidation and correction towards averages will be opportunity for accumulation.
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