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NCDEX Guar seeds10 Weekly : Buy On Corrective Dips

1 Oct 2016 2:36 pm
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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.

       
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