Technical: Sugar M Grade Delhi: Down Trend Momentum Continues

Dated 23/04/2018
SUGAR M GRADE DELHI- 2770 - Down trend momentum continues



Expect the current down trend and slide to continue to test back the last bottom of 2600-2400-2300 formed in May 2015.

Support can be witnessed at lower range.

Trend is down.

Resistance on pullback can be at 3290-3390.

Conclusion
A slide towards 2700-2600 and 2360 is being witnessed. Reversal if any can happen around the last bottom of 2360.