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NCDEX Guar Seeds 10 Mt February 2019: Resistance At Higher Range

2 Feb 2019 4:51 pm
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Report For Date: 04/02/2019

NCDEX Guar Seeds (Price are in INR )


Traders short and holding the same can maintain the stop loss at 4478.

Exit long and sell on rise from 4334-4396 with a stop loss of 4478.

Expect lower range of 4285-4174 to be tested.

Reversal can be seen if sustains above 4478 on weekly closing basis with bullish candle.

Traders can trade long if sustains above the weekly open and above 4478 with low of the week as the stop loss or 4334 whichever is lower at the point of rise above 4478.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

4334.00

4375.50

DOWN

4354.0

30.11

4174

4285

4348

4396

4507


*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

4334.0

-0.4

96120.0

98.1

59920.0

107.0

Indecisive

Addition long/Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

48.66

-1.40

60.56

27.04

4.93

-46.32

39.35

-3.25



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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