SUGAR CAME BACK STRONGLY

BALRAMPUR bounced smartly from 89 support(88 levels) and yes with huge volumes










BAJAJHIND bounced exact from support cheers













eid parry too bounced near from support












Govt hikes Sept open market sugar sale quota to 1.4 Mt from 1.3 MT Govt has hiked the September Open Market Sugar Sale quota to 1.4 MT from 1.3 MT. Analysts say that the government has done this because of the festive season based on news sugar prices spurted today nicely
cheers
click this to see previous post on sugars

NIFTY INTRADAY

NIFTY SEP 1ST

NIFTY has cracked a rising wedge shown with red lines need to figure out how serious is this crack as today was expiry so techicals mostly go for a toss on upside immediate resistance at 3435 above that we will be safe intraday downside nifty has support at 3396 below 3375 is risky.
cheers
rish

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

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