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Monday, 11 February 2013

Sugar Outlook for Today, NCDEX Sugar Trend for - 11-Feb-2013






SUGARM200 TREND & INTRADAY LEVELS


Overall trend of the Sugarm200 is bearish for medium-long term .Currently Sugarm200 is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Sugarm200 is now trading in oversold level. The Rape_mustard_seeds is now trading in oversold level. The oscillator is showing BUY signal For short term Sugarm200 is in SELL position.Positionally Immediate support for Sugarm200 is 2969.Resistance for the Sugarm200 is 3094-3135-3178-3215-3262-3293-

Short term and Intraday Level of SUGARM200

Currently Sugarm200 is in SELL position Sugarm200 is in sideways so for short term better buy above 3109.0 with stop at 2981.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 3045.7 with a stop at 3005.7 Below 2996.4 go for sell
Intraday Resistance of SUGARM200 are 3036.3/3049/3071.6/3098.1/3112.8/3140.8/3168.8
Intraday Support of SUGARM200 are 3005.7/2993/2962/2947.7/2920.6/2893.6





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