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/