Dated 19/07/06
CHANA - Book profits at higher levels and re-enter long on close above Rs 2414' august'06
Chana NCDEX August06
Last Close 2388
Trend Up Sideways
Daily Closing
Reversal
Point
on Closing 2321
INTRA-DAY LEVELS
Level 1 Level 2 Center Point Level 3 Level 4
2,317.7 2,363.7 2,385.3 2,409.7 2,455.7
Resistance will be at Rs 2414.
Traders can book profit on earlier long positions at Rs 2409 or above as the opportunity arises.
Re-enter long on breakout and close above Rs 2414.
Support will be at Rs 2363.