NCDEX Guar Gum May: Next Directional Movement Outside-9164-8745

Report For Date: 02/04/2018

NCDEX Guar Gum May: Next Directional Movement Outside-9164-8745

NCDEX Guar Gum (Price are in INR )

The range of movement around the DRV-8924 is 9164-8745.

A rise and close above 9164 with bullish candle end the correction.

Lower range is at 8764-8466.

Indecisive bodies have been witnessed for 2 week now and a movement outside the range

of 9164-8745 can decide the next directional movement.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	8924.0	9011.7	DOWN	8949.0	23.03	8466	8765	8905	9064	9363

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	V -G/L%	OPEN INTEREST	OI -G/L %	CANDLE	POSITION
8924.0	-0.3	31040	83.5	31440	123.2	None	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
49.40	-0.69	20.80	38.13	219.20	-17.07	43.71	-9.02

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.