By Anu V Pai
Riding high over paucity of the commodity, natural rubber prices continued to move northwards in the Indian market. NMCE rubber futures resumed to rise following an initial profit booking earlier last week, bolstered by limited arrival to the market.
While the trend stays positive, requires clearing and sustaining next hurdle of 19500 to continue rising. Else, lower corrective moves to 19200-19050 ranges may be seen.
Resistance: 19500-19630
Support: 19200-19050
Turn around levels: 19500-19050
