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Technical : Sugar M Grade Delhi Spot : Correction Is Likely in Final Leg

14 Feb 2018 1:16 pm
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Dated 14/02/2018


Technical : Sugar M Grade Delhi Spot : Correction Is Likely in Final Leg

SUGAR M GRADE DELHI : 3341



Wave ii appears to be complete as a result of the sharp rise seen on 12/02/2018.

Further correction is below 3113 for level of 2979.

Near term rise towards 3700-4000 is possible.

Conclusion

Correction phase could be ending now as a result of the sharp rise from 3113 to 3441.

Expect 3700-4000 once again.

       
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