Report For Date: 12/11/2018
NCDEX Guar Gum (Price are in INR)
Resistance will be at 10515-10625.
Further rise is above 10625.
Support will be at 10005-9900.
Traders long and holding the same can maintain the stop loss of 9900.
A sustained rise and close above 10653 with bullish candle at the end of the week can set a rally to 12700.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
10292.0
|
9482.5
|
UP
|
8481.0
|
29.06
|
9494.7
|
10005
|
10227
|
10515
|
11025
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
10292.0
|
-0.5
|
101025.0
|
-17.8
|
70885.0
|
15.4
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
64.23
|
-1.59
|
82.19
|
-3.69
|
331.45
|
7.61
|
46.20
|
-18.11
|
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.