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NCDEX Guar Gum March 2019: Resistance At Higher Range

9 Feb 2019 3:47 pm
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Report For Date: 11/02/2019


NCDEX Guar Gum (Price are in INR)


Traders short and holding the same can maintain the stop loss of 8992.

Exit long and sell on rise from 8273-8596 with a stop loss of 8992.

Resistance will be at 8397-8596-8992.

Lower range can be 8073-7550.



TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

8273.00

8943.63

DOWN

9270.0

22.11

7550

8073

8397

8596

9119


*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

8273.0

-4.9

78585.0

76.8

66425.0

42.4

Negative

Addition Short



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

43.19

-11.25

42.81

-29.31

-9.80

-298.84

30.59

-22.26




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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