Technical: Sugar M Grade Delhi - Down Trend Momentum Continues

Dated 24/05/2018
SUGAR M GRADE DELHI - 2795 Down trend momentum continues



Expect the current down trend and slide to continue to test back the last bottom of 2495 formed in August 2015.

Support can be witnessed at lower range.

Trend is down.

Resistance on pullback can be to 3172-3304 for resistance.

Conclusion
Expect 2495 to be tested with volatility.

Lower range will attract support and reversal can happen for lower levels.