Report for Date: 13/02/17
NCDEX Guar seeds10 March: Support Is At 3250
The trend is down but the nature of the movement is sideways in Guar seed futures on NCDEX.
March 2017 futures contract settled at Rs 3296 per quintal Friday.
Support seen at 3250 while resistance is at 3404.
Wait for any fresh positions for the time-being.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED MARCH 2017 CONTRACT
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Wait For Fresh Trade
|
3296.00
|
3332.24
|
DOWN
|
3337
|
2.02
|
3242
|
3280
|
3302
|
3318
|
3356
|
*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
|
|
3296.0
|
-0.5
|
54390
|
36.4
|
83590
|
15.1
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
44.97
|
-4.31
|
32.68
|
39.54
|
-6.91
|
-36.69
|
55.44
|
3.38
|
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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