Commodities surged up in LME on expectation of rising global demand .
Sugar futures rose for a second day in New York and London as Thailand repurchased the sweetener for the first time in more than 30 years, fueling speculation that demand will stay strong as buyers add to stockpiles.Sugar stocks being cyclic in nature are good long term bet.
Hindalco has support at 145 and resistances is at 165 .
United Phos. has support at 172 and resistances is at 196
Aptech has broken out with spike in volume it has support at 140 and resistances are at 160-170
Keep on booking profits as we move higher.
Wednesday, July 14, 2010
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