Report for Date: 21/10/16
NCDEX Guar seeds10 Nov: Exit Long Positions
The trend is down in Guar seed futures on NCDEX.
Nov 2016 futures contract settled at Rs 3467 per quintal Thursday.
Exit long positions on rise to 3500 – 3530 levels or above as the opportunity arises.
Re-enter long on rise and close above 3670.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED NOV 2016 CONTRACT
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit Long
|
3467.00
|
3568.71
|
DOWN
|
3546
|
10.10
|
3379
|
3442
|
3481
|
3505
|
3568
|
*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
|
|
3467.0
|
-0.5
|
69490
|
-14.4
|
80990
|
2.4
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
43.37
|
-2.67
|
37.37
|
65.15
|
-44.12
|
-0.65
|
39.62
|
-11.64
|
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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