AHMEDABAD (Commodity Online): After witnessing some profit booking in last couple of trading sessions, Sugar prices at NCDEX, February contract trades up in today's trading sessions.
It is trading in the range of 2910-2935 in today's trading session till now.
Technically, 14 days RSI on Daily chart at 66 indicates upside trend.
Sugar prices trading at NCDEX, February contract is having strong support of 2855 from current price.
Sugar prices trading at NCDEX, February contract has brake the resistance of 2930 in today's trading session with good volume which indicates upside trend likely to continue in near term.
Sugar prices trading at NCDEX, February contract is having resistance of 2985 from current level.
‘’Short term traders should look for the opportunity to buy on dips in near term”, said Milan Shah, Commodity Analyst with Commodity Online.
To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com
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