MCX CARDAMOM AND MENTHAOIL DAILY REPORT
TECHNICAL
VIEW
Cardamom
14th August 2018: (previous day close/CMP Rs.1100.00)
Support:
1047.20-1064.10-1088.80
Resistance:
1114.20-1123.60-1147.20-1198.10
o Cardamom needs to trade over 1088.80
to rise to 1147 and 1198.
o Sellers will be there below 1088.80.
o Trend is neutral
Mentha
Oil 31st August 2018:
(previous day close/CMP Rs.1605.00)
Support:
1526.70-1547.20-1567.80-1596.10
Resistance:
1616.20-1645.20-1674.60-1736.10
o There will be another wave of rise
over 1616.20 to 1664.60 and 1736.10.
o Sellers will be there below 1567.80.
o Trend is bullish.
NIFTY DAILY TECHNICAL REPORT
Current
Level: 11471.90
Support:
10325.50-11368.10-11411.30-11453.90
Resistance:
11488.60-11512.70-11531.80-11613.70
· Immediate resistance is
at 11488.60. There will be another wave of rise over 11488.60 to 11531.80 and
11613.70.
· Corrections upto
11360.10 will be apart of the ongoing bull rally.
· Momentum is bullish.
Look for signs of correction towards close.
IMF
long term growth forecast for India is nothing new. In the long term, stock
markets are bullish. Playing a T20 match in stock/indices is not an easy thing.
Right now everything is bullish. Tomorrow’s closing is very important from a
technical perspective. It remains to be seen how the stock markets react to negative
news which at the moment is not there.
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