Report for Date: 22/06/2017
NCDEX Guar seeds10 July: Exit Long Positions
The trend has turned down in Guar seed futures on NCDEX.
July 2017 futures contract settled at Rs 3372 per quintal Tuesday.
The long positions have stopped out at 3400.
Exit any pending long positions on rise to 3350 – 3430 levels or above.
Re-enter long on rise and close above 3600.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED APRIL 2017 CONTRACT
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit Long
|
3315.0
|
3438.8
|
DOWN
|
3372
|
20.06
|
3243.3
|
3295.3
|
3327.7
|
3347.3
|
3399.3
|
*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
|
|
3315.0
|
-1.7
|
86590
|
3.3
|
70200
|
-3.7
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
36.26
|
-8.52
|
16.74
|
-67.33
|
-70.50
|
-5.62
|
35.12
|
-11.02
|
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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