Report For Date: 19/11/2018
NCDEX Guar Seeds 10 Mt December: Further rise is above 4918
NCDEX Guar Seeds (Price are in INR )
Traders long and holding the same can maintain the stop loss at 4500.
Further rise is above 4918.
Resistance will be at 4727-4839-4918.
Correction towards WRV is likely to be tested.
Traders can buy above 4918 with low of the week as the stop loss of 4500.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4648.50
|
4421.23
|
UP
|
3997.50
|
29.06
|
4235.0
|
4537.0
|
4727.5
|
4839.0
|
5141.0
|
*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
|
|
4648.5
|
-3.1
|
686940.0
|
47.2
|
136460.0
|
-0.1
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
59.49
|
-10.06
|
76.40
|
-12.02
|
142.66
|
-0.90
|
40.36
|
-15.28
|
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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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