Sugar Outlook for Today,NCDEX Sugar Trend for - 12-Feb-2013
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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 Sugarm200 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 3080-3123-3171-3211-3257-3289-
Short term and Intraday Level of SUGARM200
Currently Sugarm200 is in SELL position Sugarm200 is showing some Up momentum So buy above 3053.0 with stop at 2981.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 3094.2 with a stop at 3024.9 Below 3005.9 go for sell and put stop at 3075.2
Intraday Resistance of SUGARM200 are 3067.9/3085.8/3115.5/3138.5/3166.5/3194.7
Intraday Support of SUGARM200 are 3032.1/3014.2/2984.5/2945.5/2918.4 |
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