After hitting a low of $ 13 on New York Board Of Trade (NYBOT) it had flared upto 15.71 on Friday and closed at 15.65 level.

-I think it will flare upto 16.57 -16.86 & there after nonstop rally uto 17.79-18.08 level on card.

Thirsty Futures ,Just refresh your Memory and see from what level I was Bearish in SUGAR stocks.

Technically ,Only Balarampur Chini looking Hot ,But Bajaj Hindustan /Renuka Sugar….Still Trend Down.

-International sugar prices had spured last week and there is no reflection in Indian Sugar Stocks.

-I think ,Traders can take a Risk of Rs.2-3 or Consider last week low as support and add another Rs.2 for support and Buy these stocks.

-Now don’t think they will catch fire or will explode.But Yes 101% spurt not ruled out.Rally may last for 1-3 days or 5 days.

99.99% International Sugar prices had bottomed out.This is my Judgement and maximum it can form double bottom at $ 13 or will try to form Higher bottom.

Your Media Analyst ,Media Anchors and Blue channel babes will start doing Bla Bla in day or two.

Just enjoy this beautiful song from film :Cheeni Kum

Updated at 15:31/22nd May/Baroda