Report for Date: 21/04/17
NCDEX Guar seeds10 May: Exit Long positions
The trend is turned down in Guar seed futures on NCDEX.
May 2017 futures contract settled at Rs 3963 per quintal Thursday.
Exit long positions at 4016-4077 or above as opportunity arises.
Further upward movement will start only on rise and close above 4225.
Weakness is below 3927.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED APRIL 2017 CONTRACT
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
3963.0
|
3993.4
|
DOWN
|
3966
|
17.04
|
3879.3
|
3936.3
|
3966.7
|
3993.3
|
4050.3
|
*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
|
3963.0
|
-0.6
|
84060
|
13.5
|
86050
|
0.0
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
50.25
|
-3.54
|
23.32
|
-8.76
|
38.43
|
-15.09
|
39.42
|
-17.86
|
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.