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COTTON Intraday Tips For 12 Dec 2018

Last update on 10 Dec 2018
COTTON (EXP 31 Dec 2018) CMP-22180 currently close up side in intraday. It is likely to test resistance 22296.70 / 22413.35 / 22586.70. If it breaks below 22123.35 with volume then it may test lowerside supports, such as 22006.70 / 21833.35 / 21716.70.
INTRADAY SUPPORT AND RESISTANCE LEVELS
R4 22586.70
R3 22413.35
R2 22296.70
R1 22210.00
PP 22123.35
S1 22065.00
S2 22006.70
S3 21833.35
S4 21716.70
Last Day High 22240
Last Day Low 21950
Last Day Close 22180
Close up side
Always prefer to long if cross R2(with volume) and short if cross S2(with volume)