Once sugar moves abv 15.8 cents, the bottom creation will be complete.
CMP 15.28
Yesterdays move is with a gap up. So I guess the up move direction is the most likely one…
Abe
From: sharetrading@
Sent: Thursday, June 10, 2010 9:46 AM
To: sharetrading@
Subject: [sharetrading] Re: Sugar
Sugar seems to be consolidating ...are there any positive cues building up for the next upmove?
From: A P Abraham <abrahamap@airtelmai
To: sharetrading@
Sent: Wed, 9 June, 2010 12:28:45 PM
Subject: [sharetrading] Sugar
Sugar is near 2+% up. With no indication of tiring. The resistance is another 2% away. Breach of that or a reaction of that will spell direction of sugar.
Markets have breached a DB. Near 5013 fut. So till that is not taken out, one should remain out. Today markets are all in tandem. But feel markets are headed higher. That will be confirmed only close abv 5070
Abe
Happy Trading,
United we grow!!!
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