Technical: Sugar M Grade Delhi- Attempt Of Breakout Possible

Dated 08/6/2017

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.