NCDEX Guar Gum March: Expect Higher Range To Be tested 23 Feb 2017 10:13 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Guar Gum March: Expect Higher Range To Be tested Report for Date: 23/02/17 The trend is up and major upward movement has witnessed in last trading sessions in Guar Gum futures on NCDEX. March 2017 Guar gum futures contract settled at Rs. 7172 per quintal Wednesday. Hold long positions if any with a stop loss of 6690. Expect higher levels of 7300 – 7600 to be tested in coming sessions. INTRA-DAY LEVELS FOR NCDEX GUAR GUM MARCH 2017 CONTRACT STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 7172.00 6758.21 UP 6442.0 10.02 6753.0 7013.0 7114.0 7273.0 7533.0 *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 7172.0 3.3 22805 -16.7 32135 -9.8 Positive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 78.13 7.82 81.36 -0.29 149.89 22.65 90.38 4.82 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		Latest TechAnalysis Report Turmeric (Jun 24) Bullish Trend / Buy at CMP / Key Sup... Spices Jeera (May 24) Neutral Trend / Buy at CMP / Ke... Coriander (May 24) Bearish Trend / Sell at CMP / Key R... Turmeric (Jun 24) Neutral Trend / Sell on Breakout / S... Spices Jeera (May 24) Bearish Trend / Sell at CMP / K... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Aluminium (Apr 24) Bullish Trend / Buy-on-Dips / Key S... Top 5 Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...