Report For Date: 07/01/2019
NCDEX Guar Seeds (Price are in INR )
Cover short position at 4382 or below.
Expect higher range of 4438-4572 to be tested.
Support will be at 4359-4304.
Cluster support range is at 4090-4073 on C1 chart.
Broadly expect consolidation to be witnessed unless sharp fall below 4073 is witnessed.
Lower range is likely to offer support.
Resistance cluster is at 4461-4409.
Breakout above 4461 in near term and in time to come can set a rally to 4608-4869.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
4382.5
|
4401.6
|
DOWN
|
4354.0
|
30.11
|
4170
|
4304
|
4359
|
4438
|
4572
|
*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
|
4382.5
|
2.2
|
219990.0
|
136.5
|
81070.0
|
55.2
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
49.95
|
8.37
|
41.09
|
51.35
|
36.64
|
-16.35
|
37.91
|
-8.05
|
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.