Friday, 9 December 2011

Toda's Agro Tip's

Sharetips expert has come out with its report on agricultural commodities. The research firm has recommended to sell Sugar Mini 200 below Rs 2970 and Wheat below Rs 1160.

Sugar prices traded lower after making a high of 3003, closed the day at 2970. If prices break below 2975 with volume a major fall may see towards 2950 then 2900 levels in the near term. Moreover, the daily RSI is at 58 and trending downwards implying a near term weakness. The bullish view may negate any trade above 3025 levels for the day

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