Sugar prices in the intraday may trade up on account of positive sentiments among market participants regarding exports of sugar.
From long term perspective, prices are expected to take cues from the Sugar output estimates in the domestic market, change in government policies with respect to exports and International Sugar prices, which would be influenced by the supplies from Brazil, Thailand and India and demand from China.
Sugar Dec NCDEX Futures R s . /qtl support: 2900-2915 resistance: 2950-2960
Sugar Dec MCX Futures R s ./qtl support:2905-2920resistance: 2955-2965