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Monday, March 11, 2013

US Sugar No11 Futures - May 13 (SBK3) - 11 MAR 2013 - TREND - LEVELS & TRADING STRATEGY

BEST BUY & SUPP FOR THE WEEK @ 18 ACTUAL RESIS & BEST SELL LEVEL @ 18.62 (current supp) , A BREAK ABOVE 18.94 UPSIDE TGT IS @ 19.48 - 19.74 HOWEVER A CRACK BELOW 17.70 DOWNSIDE TGT IS @ 17.50 - 17.24

LTP - 18.80

TREND : FIRM BULLISH - AS PRICES ARE TRADING ABOVE 18.62 - LTP IS @ 18.80 , TRADER'S WITH RISK APPETITE CAN TAKE A SELL POSITION @ 18.80 FOR TGT 18.20 & AGAIN RE - BUY @ 18 FOR POSITIONAL TGT  19.48-19.74 ; SELL STOPS @ 18.96
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