Welcome       My account   Change Password logout.gif 
Contact Us : 7066511911

NCDEX Guar Gum April: Exit Long Positions
24 Mar 2017 9:46 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NCDEX Guar Gum April: Exit Long Positions


Report for Date: 24/03/17

The trend is up but market movement is sideways in Guar Gum futures on NCDEX.

April 2017 Guar gum futures contract settled at Rs. 7976 per quintal Thursday.

Ideally, book profits and exit long positions on rise to 8200 – 8430 or above as the opportunity arises.

Re-enter long on rise and close above 8750.

INTRA-DAY LEVELS FOR NCDEX GUAR GUM APRIL 2017 CONTRACT
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Exit Long 7976.00 7973.52 UP 7976 23.03 7609 7851 7968 8093 8335


*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
7976.0 0.4 24270 -21.7 45220 -4.2 Indecisive Unwinding



TECHINCAL INDICATORS TABLE
RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
56.26 1.28 24.10 -35.95 257.46 -9.77 39.70 -5.57





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.

Read Disclaimer
       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 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 on Breakout / ...
Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su...
Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S...
Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key...
Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su...
more
Top 5 News
Cotton Candy (May 24) Bearish Trend / Sell on Rise / K...
Base Metals Zinc (May 24) Bullish Trend / Buy on Dips...
Mentha Oil (Apr 24) Neutral Trend / Buy on Breakout / ...
Base Metals Lead (May 24) Bullish Trend / Buy on Dips...
Base Metals Copper (May 24) Bullish Trend / Buy at CM...
Top 5 Special Reports
US Cotton net export sales for April 12-18 at 177,100 R...
US soybean net sales for April 12-18 at 210,900 MT, dow...
Black Matpe Polished (AP) Consolidating Above Key Supp...
Black Matpe Unpolished (AP) Consolidating in an Uptren...
Castor Oil (Kadi) Weak Price Trend / Next Support at R...
Copyright © CC Commodity Info Services LLP. All rights reserved.