Commodity	:	Sugar
Exchange	:	NCDEX
Perspective	:	Very Short Term

Technical Commentary:
• Prices are hovering near to its strong resistance level of Rs. 2648 if breached the level then it may go up further.
• However, RSI is in oversold region which indicates bullish signal.



Strategy: Sell from support level would be advisable.
Intraday Supports & Resistances S2 S1 PCP R1 R2
Sugar NCDEX July 2602 2612 2642 2638 2648
Intraday Trade Call Call Entry T1 T2 SL
Sugar NCDEX July Sell <2629 2612 2602 2638