Login ID:
Password:
Partner Login
Contact Us : 07666977977

NCDEX Guar seeds10 Weekly : Buy On Corrective Dips

26 Sep 2016 10:58 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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.

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 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

TECHINCAL INDICATORS TABLE

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.

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 Special Reports
Weekly: Turmeric Gains Most This Week; Chilli Remains B...
Weekly: Major Pulses Weak Ahead Of GST; Kharif Sowing D...
Cotton Weekly: Market Trending In Oversold Levels
Indian RBD Palmolein May Trade Bearish
Indian Mustardseed Prices Likely To Stabilize Next Week...
Copyright © CC Commodity Info Services LLP. All rights reserved.