NCDEX Guar seeds10 Weekly : Buy On Corrective Dips

NCDEX Guar seeds10 Weekly

Current Relation to Oct 2016 contract: Buy On Corrective Dips

Report for Date: 01/10/2016

The trend is up in Guar seed futures on NCDEX.

Oct 2016 futures contract settled at Rs 3558 per quintal Friday.

Buy on corrective dips to 3530 – 3460 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	3558.0	3503.5	UP	3533.0	9.09	3307	3481	3578	3655	3829

*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
3558.0	-2.1	443870	-27.0	41890	-34.1	Indecisive	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
52.54	-4.34	61.62	2.15	80.70	-7.4	54.92	-9.90

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.