Report for Date: 28/06/2017
NCDEX Guar seeds10 July: Sell On rise
The trend has turned down in Guar seed futures on NCDEX.
July 2017 futures contract settled at Rs 3255 per quintal Tuesday.
Sell on rise at 3260 or above as opportunity arise with stop loss of 3335.
Expect further downward levels 3230 – 3170 to be tested in coming sessions.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED APRIL 2017 CONTRACT
STRATEGY |
CLOSE |
DRV |
TREND* |
TrendPrice |
TrendDate |
L1 |
L2 |
CP |
L3 |
L4 |
Avoid Trade |
3255.0 |
3421.9 |
DOWN |
3372 |
20.06 |
3173.0 |
3227.0 |
3253.0 |
3281.0 |
3335.0 |
*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 |
3255.0 |
-0.6 |
65980 |
-39.8 |
60080 |
-4.8 |
Indecisive |
Unwinding |
TECHINCAL INDICATORS TABLE
RSI |
1-ROC-RSI |
Stochastic |
1-ROC-Stochastic |
MACD |
1-ROCMACD |
RS |
1-ROCRS |
32.89 |
-3.39 |
10.90 |
38.38 |
-81.73 |
-4.09 |
23.85 |
-17.90 |
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.