AHMEDABAD (Commodity Online): Sugar prices at NCDEX, February contract trades up in today's trading sessions due to fresh buying sentiments.
It is trading in the range of 2890-2918 in today's trading session till now.
Technically, 14 days RSI on Daily chart at 64 indicates upside trend.
Sugar prices trading at NCDEX, February contract is having strong support of 2860 from current price.
Sugar prices trading at NCDEX, February contract is having resistance at 2930 level and trading above that it likely to touch 3000 level.
Volume and Open interest also rising with price which also indicates uptrend in Sugar price.
‘’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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