Report For Date: 18/03/2019
NCDEX Guar Seeds (Price are in INR )
Resistance is at 4303-4344.
Lower range can be 4242-4140.
Support cluster is at 4142-4117.
Lower top is at 4478.
Breakout and close above 4478 can resume the rally.
Exit long and sell on rise from 4303-4344 with a stop loss of 4478.
Expect lower range of 4242-4140.
Breakout is above 4478 and strong cluster of support is at 4142-4117 to hold the slide.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
4282.50
|
4354.72
|
DOWN
|
4354.0
|
30.11
|
4140
|
4242
|
4303
|
4344
|
4446
|
*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
|
4282.5
|
-0.8
|
237620.0
|
33.8
|
107520.0
|
5.0
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
47.92
|
-3.20
|
56.76
|
21.28
|
-23.42
|
-0.61
|
46.04
|
-10.19
|
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.