NCDEX Guar Gum Oct: Expect Lower Levels to Be Tested
Report for Date: 18/09/17
The trend is down in Guar Gum futures on NCDEX.
Oct 2017 Guar gum futures contract settled at Rs.7761 per quintal Friday.
Keep a stop loss of 8400 for any short positions.
Expect lower levels of 7650 – 7500 to be tested in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
TrendPrice
TrendDate
L1
L2
CP
L3
L4
Hold Short
7761
8176
DOWN
7942
14
7496
7683
7791
7870
8057
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
Price G/L%
Volume
V -G/L%
Open Interest
OI -G/L %
Candle
Position
7761.0
-2.3
23950
-0.2
39780
-3.9
Negative
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
40.14
-9.80
17.49
-56.07
25.02
-59.89
27.47
-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.
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