NCDEX Guar Seeds 10 MT Weekly March: Exit Long On The Rise

Report For Date: 12/02/2018

NCDEX Guar Seeds 10 MT Weekly March: Exit Long On The Rise

NCDEX Guar Seeds (Price are in INR )

Exit long position as evening star candlestick pattern has been formed.

Expect lower range of 4361-4039 can be tested with volatility.

Resistance will be at 4545-4682.

A rise and close above 4800 can resume the rally otherwise near term correction towards DRV-4220 is possible.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	4497.0	4220.9	UP	3879.00	24.11	4039.7	4361.2	4546.8	4682.7	5004.2

*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 -G/L%	OPEN INTEREST	OI -G/L %	CANDLE	POSITION
4497.0	-5.7	793230	45.8	168800	25.3	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
54.94	-12.85	31.37	-41.64	110.84	-12.38	39.26	-19.53

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.