Report for Date: 13/03/17
NCDEX Guar seeds10 April: Book Profits And Exit Positions
The trend is up but nature of the movement is sideways in Guar seed futures on NCDEX.
April 2017 futures contract settled at Rs 3783 per quintal Friday.
Ideally, those still holding long need to exit on rise to 3810 – 3864 levels or above as the opportunity arises.
Wait for any fresh trading positions for the time-being.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED APRIL 2017 CONTRACT
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit Long
|
3783.0
|
3761.6
|
UP
|
3382
|
15.02
|
3588.0
|
3726.0
|
3807.0
|
3864.0
|
4002.0
|
*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
|
|
3783.0
|
-1.8
|
178790
|
-7.9
|
91140
|
-2.8
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
59.30
|
-8.02
|
40.26
|
-29.72
|
128.68
|
-7.22
|
54.53
|
-13.13
|
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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