Report for Date: 31/03/15
The trend is sideways in Guar gum futures on National Commodity & Derivatives Exchange (NCDEX).
April 2015 futures contract settled at Rs 8,430 per quintal Monday.
Ideally, cover all short positions at market price and on dips to Rs 8,400-8,350 levels or below as the opportunity arises.
Sell only on fall and close below Rs 7,810.
If Low of Rs 7,810 do not get broken, we can assume that a crucial bottom is in place here and prices can start to accelerate upside in coming sessions.
INTRA-DAY LEVELS FOR NCDEX GUAR GUM APRIL 2015 CONTRACT
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Cover Short
|
8430.0
|
8649.0
|
SW
|
8620.0
|
9.03
|
7950.0
|
8270.0
|
8430.0
|
8590.0
|
8910.0
|
*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 Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
8430.0
|
0.36
|
4641
|
18.82
|
10574.00
|
-3.43
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.81
|
1.72
|
50.55
|
-17.14
|
-157.57
|
5.57
|
37.15
|
-7.37
|
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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