Dated 20/09/2017
MUMBAI MATAR CANADA - Last Close- : 2151 - Critical support 2141
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The last low was at 2141 is critical.
On sustained fall and close below 2141 expect a slide towards 2021-1953.
Bear Market is being witnessed in Matar as prices are below both averages and 55 VA is below 89 VA.
Lower top is at 2291 and till then same is not crossed objective remains to exit long to averages.
Averages are placed at 2239 and 2280.
Conclusion
Critical Closing support 2141. Currently in down trend and bearish market the same is likely to continue below 2141 closing for 2021-1953.
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