Sugar Outlook for Today,NCDEX Sugar Trend for - 06-Feb-2013
SUGARM200 TREND & INTRADAY LEVELS
Overall trend of the Sugarm200 is bearish for medium-long term .Currently Sugarm200 is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Sugarm200. The oscillator is showing SELL signal For short term Sugarm200 is in SELLposition.Positionally Immediate support for Sugarm200 is 3038.Resistance for the Sugarm200 is 3159-3194-3207-3234-3281-3312-Short term and Intraday Level of SUGARM200Currently Sugarm200 is in SELL position The Sugarm200 is in downtrend For short term buy only if close above 3119.0 The oscillator is showing SELL signalIntraday Trend- Buy is advised above 3121 with a stop at 3032.5 Below 3007.2 go for sell Intraday Resistance of SUGARM200 are 3076.1/3086.1/3104.2/3130.8/3145.6/3173.7/3201.9 Intraday Support of SUGARM200 are 3051.9/3041.9/3020.1/2994/2979.6/2952.3/2925.2
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