Dated 24/5/2017
SUGAR M GRADE DELHI - 3940 - Attempt of breakout possible
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Resistance is at 3970.
Further breakout and close above 3970 can set a rally to 4145-4305.
Support will be at 38985-3795.
Conclusion
Sideways movement prevails. Expect breakout above 3970 with the current up trend. The movement has been more a sideways movement.
Directional movement above 3970 likely in near term.
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