Thursday, August 31, 2006

Whats wrong with SUGAR

EID PARRY ploping in a steep channel 165-162 looks good support








Dhampur sugar ploping in a steep channel as if thers a no stop for the fall.







BALRAMPUR CHINI darling of many this also ploping in a steep downward channel today breached 90 barrier also 88 looks good support ,can accumulate this stock till 80 levels ,below that i have no idea chart shows it all.







BAJAJ HIND many thought this stock bottomed out chart too was suggesting that but it again started ploping anyhow charts shows support near 290 levels









IF any one who tracks sugar fundamently as well comments are welcome do share your views

PS:- CHARTS CAN BE ENLARGED BY CLICKING ON THEM

4 comments:

Huzefa said...

Hi guys..........
Whats happening in sugar is the total hype given to a byproduct or endproduct of the processing of sugar which could be used in the petroleum industry , ie ethanol was false. The demand for it was artificially created and was reflected in the recent sugar scrip rise.. Dont forget ethanol completely, It is very usefull and the sugar scrips will really zoom soon as Eid and Diwali are fast approaching. Demand is going to soar as well as share prices, right now the fall is because of the ethanol shock, The sugar scrips should bottom out soon, as far as I can see I think most have bottomed out already. Balchi is a great pick at these prices......

Vivek said...

There are two key risks for sugar.
Domestic : Sugar being an essential commodity, govt intervention on pricing is a key risk. Remember Sonia Gandhi voicing her thoughts a few moons back?
International: Crude has eased down about 9 $ or 12 % from the top. High crude prices were a ' sugar ball' for the sugar companies as the demand for alternative fuel was high. Now that crude is on a skiing trip from the hill, market has realized that the sugar balls were in fact a sugar coated bitter pill.
Brazil diverts a lot of cane towards ethanol and if crude falls badly, so will the ethanol demand and there will be excess supply of sugar and prices will slip. A simple demand supply game.
These are only RISKS and its how the market sees it, either as half empty or half full!!!

Anonymous said...

HELLO
HOW YOU DOING

MARKET LEVEL

BY 16 SEPT '2006 NIFTY WILL BE 3720-3740
THEN BY 18 SEPT '06 THERE WILL BE A GOOD CORRECTION IN THE MARKET.
DOWN SIDE I CAN NOT PREDICT BUT SEPT SETTELEMENT WILL NOT BE GOOD.

START BUILDING POSITION BY THE END OF FIRST WEEK OR SAY FROM SECOND WEEK OF OCT ' 2006

AND BY 14 NOV '2006 NIFTY WILL CROSS THE LEVEL OF 4000
AND WILL BE BETWEEN 4000-4045

REGARDS
ABHIVANDAN NAGIA
09899909988

Anonymous said...

Hi
Sugar is a good story in the long run . Fundamentally Both bajaj & balrampur are a solid stock.both are looking 4 expansion in the ethonal sector.Bajaj has announced that it will look for expansion of its business in brasil that will increase it profit to 4 fold & balrampur also planning to expand its capacity by building new facilties in northen region ....... sugar roxxx buy balrampur chinni with target of 125-130 in coming september

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