NCDEX Guar Gum Jan: Hold Long Positions 9 Jan 2017 9:46 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Guar Gum Jan: Hold Long Positions Report for Date: 09/01/17 The trend is up in Guar Gum futures on NCDEX. Jan 2017 Guar gum futures contract settled at Rs. 6362 per quintal Friday. Hold long positions with a stop loss of 6000. Further rise is above 6450. Expect higher levels of 6520 – 6580 to be tested. INTRA-DAY LEVELS FOR NCDEX GUAR GUM JAN 2017 CONTRACT STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 6362.00 6236.42 UP 6198 28.12 6262 6329 6364 6396 6463 *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 6362.0 0.0 3925 12.0 10585 -16.5 Negative Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 57.58 0.00 55.72 -11.88 38.86 20.65 73.46 0.76 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 Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Guar Seed (May 24) Bullish Trend / Buy at CMP / Key Su... 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...