The trend is sideways in Guar Gum futures on National Commodity & Derivatives Exchange (NCDEX).
July 2015 futures contract settled at Rs 10,440 per quintal Tuesday.
Near term support is at Rs 10,170.
A rise and close above Rs 11,140 will suggest that the corrective decline is over and a rally may resume in future.
Ideally, wait and watch for any fresh positions for the time-being.
INTRA-DAY LEVELS FOR NCDEX GUAR GUM JUNE 2015 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Avoid Trades
10440
10786
SW
10440
30.06
10027
10337
10543
10647
10957
*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
10440
-3.96
3983
-64.32
9900.00
-0.56
Negative
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
42.46
-11.82
75.15
-15.43
-260.09
0.68
46.85
-20.18
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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