Feb 2017 Guar gum futures contract settled at Rs. 6462 per quintal Monday.
Hold long positions with a stop loss of 6300.
Further rise is above 6520.
Expect higher levels of 6700 – 6980 to be tested.
INTRA-DAY LEVELS FOR NCDEX GUAR GUM FEB 2017 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
TrendPrice
TrendDate
L1
L2
CP
L3
L4
Hold Long
6462.00
6333.55
UP
6267
28.12
6346
6429
6480
6512
6595
*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
6462.0
0.7
3180
-29.1
13685
-63.2
Negative
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
57.55
4.26
43.12
11.30
40.89
9.44
62.86
14.26
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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