NCDEX Wheat Apr Short Term Bullish

We maintain our bullish view in Wheat as prices are in an uptrend since the past six months forming higher tops and higher bottoms within the channel (R-S). Prices have given close above short term moving average recently indicating bullish momentum in short term too. we expect prices to trade higher for the target of Rs. 1525/50.

About Kotak Commodities

Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website. http://www.kotakcommodities.com/