NCDEX Guar Gum June: Exit Short Positions 24 May 2016 9:53 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Guar Gum June: Exit Short Positions Report for Date: 24/05/16 The trend is down but some upward movement has witnessed in last trading sessions in Guar gum futures on NCDEX. June 2016 Guar gum futures contract settled at Rs 5270 per quintal Monday. Ideally, cover short positions at 5210 level or below as opportunity arises. Expect a pull-back rise to 5330 -5450 levels in coming sessions. INTRA-DAY LEVELS FOR NCDEX GUAR GUM JUNE 2016 CONTRACT STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Short 5270.0 5352.5 DOWN 6190.0 28.04 5090.0 5210.0 5270.0 5330.0 5450.0 *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 5270.0 2.53 2644 -71.71 14502.00 -57.40 Positive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 41.60 19.47 52.46 70.49 -172.29 4.48 42.98 62.34 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. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Top 5 News Market Snapshot MCX - NCDEX Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Base Metals Zinc (May 24) Bullish Trend / Buy at CMP ... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Sunflower Refined Oil (AP) Inflection Point: Trading N... Black Matpe (Urad) SQ Chennai Consolidating in an Uptr... US soybean net sales for April 19-25 at 414,000 MT, up ... US cotton net export sales for April 19-25 at 97,400 RB... Delhi Chana Rajasthan Line Bullish Price Trend / Next ...