Apr 14, 2010

Sugar complete first minor impulse down wave

Dow Jones -UBS Sugar Index:  First minor impulse down wave seems complete. Prices break trend channel resistances. We could see a corrective structure up now till key resistances at 149/156/189 levels from current 137 levels.

i expect all round recovery in sugar futures across the world market and also see indian sugar stock to blast.
from 145 levels i am telling my clients to buy bajaj hind from last one month with stop loss of 132 and see it has not broken my target is 200.
Posted on Wednesday, April 14, 2010 | Categories: