NCDEX Guar seeds10 Weekly
Current Relation to Oct 2016 contract: Buy On Corrective Dips
Report for Date: 19/09/16
The trend is up in Guar seed futures on NCDEX.
Oct 2016 futures contract settled at Rs 3714 per quintal Friday.
Buy on corrective dips to 3688 – 3590 with a stop loss of 3350.
Expect a rise to 3900 – 4100 in coming weeks.
INTRA-WEEK LEVELS FOR NCDEX GUAR SEED OCT 2016 CONTRACT
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Buy On Dips
|
3714.0
|
3496.4
|
UP
|
3533.0
|
9.09
|
3368.3
|
3590.3
|
3688.7
|
3812.3
|
4034.3
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down, then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
3714.0
|
5.1
|
531700
|
25.6
|
71250
|
-12.9
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
57.33
|
8.44
|
45.65
|
107.36
|
86.61
|
12.1
|
65.82
|
14.69
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.
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