NCDEX Guar Gum Oct: Expect Lower Levels to Be Tested

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NCDEX Guar Gum Oct: Expect Lower Levels to Be Tested

23 Sep 2017 10:43 am

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NCDEX Guar Gum Oct: Expect Lower Levels to Be Tested

Report for Date: 25/09/17

The trend is down in Guar Gum futures on NCDEX.

Oct 2017 Guar gum futures contract settled at Rs.7940 per quintal Friday.

Expect lower levels of 7880 – 7770 to be tested in coming sessions.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Avoid Trade	7940	8118	DOWN	7942	14	7745	7879	7951	8013	8147

*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.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	V -G/L%	Open Interest	OI -G/L %	Candle	Position
7940.0	0.2	16310	3.1	33470	-3.8	Indecisive	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
46.80	1.12	65.74	13.28	-32.70	-13.19	46.99	1.17

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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