April Wheat future prices witnessed a rally on yesterday’s trading session and after making a high of 1159.8 it settled at 1159.80 levels.

However, immediate resistance is at 1160 levels significant break above the same may Lead the prices to test 1180 then 1190 levels.

Likewise, supports are at 1150 then 1130. We recommend buying above 1160 levels.

NCDEX Wheat: Buy April at 1156 TP 1170 SL 1145

Courtesy: Karvy Commtrade Ltd.

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