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NCDEX Guar seeds10 Weekly : Buy On Corrective Dips

26 Sep 2016 10:58 am
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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 3636 per quintal Friday.

Buy on corrective dips to 3600 – 3560 with a stop loss of 3350.

Expect a rise to 3900 – 4100 in coming weeks.


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Buy On Dips 3636.0 3502.5 UP 3533.0 9.09 3364.7 3564.7 3693.3 3764.7 3964.7

*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
3636.0 -2.1 608330 14.4 63610 -10.7 Negative Unwinding


RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
54.92 -4.21 60.32 32.15 87.12 0.59 60.95 -7.39

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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