Commodity	:	Sugar
Exchange	:	NCDEX
Perspective	:	Very Short Term

Technical Commentary:
• Prices are moving downwards and hovering in a channel between Rs. 2515 to Rs. 2557, if breached the level either side will decide the movement of the price.
• However, RSI is in oversold region which indicates bullish signal.



Strategy: Buy from support level would be advisable.
Intraday Supports & Resistances S2 S1 PCP R1 R2
Sugar NCDEX July 2535 2542 2552 2557 2564
Intraday Trade Call Call Entry T1 T2 SL
Sugar NCDEX July Buy >2550 2557 2564 2546