Sugar ncdex strong selling levls 3955 only sustains and close above gives fresh teji in sugar unless no fresh teji expected and fresh correction expcted
Correction will be of the rise from 2357 (July 2015) to 3695 (November 2016).
Retracement levels of the rise from 2357 to 3945 will be at 3525.
On fall and close below 3525 the slide can be towards the retracement level of 3335-3166-2965.
In March 2016, we have witnessed a trend line breakout which took the price to 3945 from 3455.
Resistance for near term to short term is at 3832-3955.
FUNDAMENTLS:sugar fundamentals are to good because production is less compared to preious year as per isma
