Dated 24/10/2017
SUGAR M GRADE DELHI- 3765 Correction And Sideways Movement Witnessed
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Up Trend is in place and Bull market is still in progress in spite of the sideways movement that is being seen for last few months.
Price is above the averages and 55 VA is above 89 VA.
Support is at 3695.
Correction resumes below 3695 for retracement of the rise from 2360 to 3945.
Retracement levels are at 3606 and 3363.
Further rise is above 3945. On further sustained rise and close above 3945 expect a rally to 4305.
Currently movement is not being witnessed therefore next directional movement is outside 3945-3695.
Correction may be happen in short term but only when movement is below 3695.
Conclusion
Sideways movement prevails.
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