Dated 14/12/2017
MUMBAI MATAR CANNADA - Last Close - 2551 - Expect A Bull Market Rally
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Up Trend has resume as prices above the averages.
The 55VA is above 89 VA which indicates that bull market has resume.
Expect a rally towards 2700 in near term to short term.
Support is at 2450.
Averages are placed at 2298.
In case of deeper correction below 2450, a slide towards averages can be witnessed.
The momentary bias is to move higher with volatility.
Correction if any will be for creating higher bottom to move higher subsequently.
Eventually, prices can scale up to 3150 whenever 2700 is crossed.
Conclusion
Uptrend bull market has resumed.
Expect rally to 2700.
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