Excellent WHEAT TREND & INTRADAY LEVELS

Excellent WHEAT TREND & INTRADAY LEVELS
                                             

Apr/01/2013.CMP-1393 Overall trend of the Wheat is bearish for medium-long term .Currently Wheat is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Wheat. The oscillator is showing SELL signal For short term Wheat is in SELL position.Positionally Immediate support for Wheat is 1384.Resistance for the Wheat is 1450-1483-1506-1532-1544-1562-

Intraday Trend- Buy is advised above 1403.5 with a stop at 1386.4 Below 1382.6 go for sell
Intraday Resistance of WHEAT are 1399.6/1405/1413/1423.5/1441.5/1451.6/1470.7/1489.9
Intraday Support of WHEAT are 1386.4/1381/1366.8/1349.2/1339.5/1321.3/1303.2