Monday 30 December 2013

CORIANDER TREND & INTRADAY LEVELS 30-Dec-2013

Coriander is in long- medium- term bull phase .Currently Coriander is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Coriander is in SELL position.Positionally Support for the Coriander is 7317-7042-6693-.Resistance for the Coriander is 7670-7772-7827-

Short term and Intraday Level of CORIANDER

Currently Coriander is in SELL position The Coriander is in downtrend For short term buy only if close above 7635.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 7275.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 7593.3 with a stop at 7378.6 Below 7317.1 go for sell and put stop at 7531.6
Intraday Resistance of CORIANDER are 7516.6 : 7578.2 : 7680.4 : 7538 : 7556.1
Intraday Support of CORIANDER are 7393.4 : 7331.8 : 7229.6 : 7279.8 : 7262.1

 

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