Dated 24/05/2018
SUGAR M GRADE DELHI - 3190 - Pullback Has Been Witnessed
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A strong rise has been witnessed from lower level of 2665.
The averages of 3119 and 3232 are likely to be tested and last price is at 3190.
The prices are in resistance level and a close above 3232 can lead to a reversal and subsequently can see higher top ad higher bottom.
Overall correction from current level of 3190 is witnessed can be opportunity for consolidation as long as 2665 is not violated.
Conclusion
Reversal process appears to have been resumed.
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