Dated 19/07/2017
URAD FAQ MUMBAI - Last Close-4000 – Down Trend still in progress
Monthly Chart
Down trend continues with volatility.
Expect slide towards 3725-3200-3024.
Expect 3725 at least in near term to short term.
Resistance will be at 4208-4416-4625.
Reversal is above 4625 closing.
Conclusion
Expect lower level to be tested with volatility.
Exit long on rise to resistance.