NCDEX Guar Gum March: Expect Higher Range To Be tested 20 Feb 2017 11:15 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Guar Gum March: Expect Higher Range To Be tested Report for Date: 20/02/17 The trend is up and major upward movement has witnessed in last trading sessions in Guar Gum futures on NCDEX. March 2017 Guar gum futures contract settled at Rs. 6914 per quintal Friday. Hold long positions if any with a stop loss of 6690. Expect higher levels of 7010 – 7100 to be tested in coming sessions. INTRA-DAY LEVELS FOR NCDEX GUAR GUM MARCH 2017 CONTRACT STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 6914.00 6557.34 UP 6442.0 10.02 6495.3 6753.3 6850.7 7011.3 7269.3 *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 6914.0 2.7 18660 64.0 42955 -0.6 Positive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 76.64 8.84 89.43 2.63 78.11 52.77 93.96 3.33 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 at CMP / Key Su... Guar Gum (May 24) Bullish Trend / Buy at CMP / Key Sup... 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... Base Metals Copper (Apr 24) Bullish Trend / Buy on Di... Top 5 Special Reports 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... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... Mumbai Black Matpe (Urad) Trending Higher / Next Resis...