The trend is up in Guar Gum futures on National Commodity & Derivatives Exchange (NCDEX).
May 2015 futures contract settled at Rs 12,270 per quintal Thursday.
Hold long positions with a stop loss of Rs 11,630.
Expect a rise to Rs 12,700-13,200 levels or above in coming sessions.
INTRA-DAY LEVELS FOR NCDEX GUAR GUM MAY 2015 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Long
12270.0
10586.0
UP
8860.0
1.04
11150.0
11830.0
12070.0
12510.0
13190.0
*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
12270.0
5.59
19084
9.49
13835.00
0.79
Positive
Addition Long
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
82.18
4.66
91.80
1.70
682.64
16.68
89.09
4.21
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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