Wednesday, 22 August 2012

Rubber heading for long term correction

Now it is going to be rubber that put farmers in trouble..........!
we believe it is going to be a long term correction...................!

the immediate support said to be 161 (Spot) next 148 , then 133
if it goes below 133 then it can even touch 92........................!

World economy  heading for a long term crisis .....
which may jeopardize growth and demand..

Auto mobile industry in India is in a cyclical slow down....
production of rubber in world wide improved  so supply side may  go off

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