NCDEX Sugar July-2011 delivery contract opened at Rs. 2555 per 100 kg today, an increase of Rs. 3 per 100 kg over previous close price.

At present NCDEX Sugar July 2011 contract is trading firm at Rs. 2573 per 100 kg, higher by 0.82 per cent over previous settlement price.

The contract has so far traded in the range of Rs. 2555-2575 per 100 kg.

Rise in open interest along with prices indicate that an uptrend is in place and is likely to be sustained. Volume has declined to 3820, lower by 9620 against previous trading day.

NCDEX Sugar July-2011 Futures (10:36 AM IST)
Last TradedOpenHighLowPrevious CloseVolumeOpen Interest
25732555257525552552382026250


Price Drivers:

Bullish Factor :


1) Improved Demand