Dated 08/6/2017
SUGAR M GRADE DELHI - 3910 - Attempt of breakout possible
Monthly Chart
Resistance is at 3970.
Correction is below 3840.
Breakout and close above 3970 can show a rally.
Sideways movement currently being witnessed.
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.