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NCDEX Guar Seeds 10 Mt June 2019: Sideways Oscillation Around Wrv Is Likely

18 May 2019 7:17 pm
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Report For Date: 18/05/2019

NCDEX Guar Seeds (Price are in INR )


Resistance will be at 4451-4502.

Support will be at 4355-4208.

Expect sideways movement and oscillation around WRV-4387.

Breakout above 4570 is essential and till then exit long on rise from 4502-4649.



TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

4406.0

4387.5

UP

4430.5

3.05

4208.0

4355.0

4451.0

4502.0

4649.0


*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

4406.0

-0.9

260490.0

1.0

114980.0

3.7

Negative

Addition Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

51.70

-4.41

44.23

14.61

19.57

-4.40

27.36

-18.24




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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