Tuesday 31 December 2013

CORIANDER TREND & INTRADAY LEVELS 31-Dec-2013

Coriander is in long- medium- short-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 7618-7336-7068-6715-.Resistance for the Coriander is 7792-7798-

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 7613.0 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 7938.2 with a stop at 7653 Below 7568.5 go for sell and put stop at 7853.4
Intraday Resistance of CORIANDER are 7824.5 : 7895.9 : 8014.5 : 7800.6 : 7819
Intraday Support of CORIANDER are 7681.5 : 7610.1 : 7491.5 : 7537.9 : 7519.8

 

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