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Technical : Sugar Delhi Spot : Correction and Sideways Movement Witnessed

14 Sep 2017 6:01 pm
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Dated 14/09/2017


Technical : Sugar Delhi Spot : Correction and Sideways Movement Witnessed

SUGAR M GRADE DELHI-3805- Correction and Sideways movement witnessed












Band of movement for near term to short is likely to 3682 and 3970.

Sideways movement is being witnessed though the bias remains for price correction in near term.

Deeper correction can be towards DRV which is at 3583.

Broadly price is likely to remain flat in a band for consolidation.

Movement is without any price progression and movement.

The chart shows that near term correction is likely to be seen but it not yet witnessed.

Conclusion
Sideways movement prevails. Correction towards DRV is likely which is around 3583.

       
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