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

9 Feb 2019 3:48 pm
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Report For Date: 11/02/2019

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 4225-4308 with a stop loss of 4478.

Expect lower range of 4100-3892 to be tested.

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


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

4183.0

4366.7

DOWN

4354.0

30.11

3892

4100

4225

4308

4516


*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

4183.0

-3.5

269080.0

179.9

103090.0

72.0

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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