NCDEX Guar Seeds 10 Mt April: Prices Back In Downward Channel



NCDEX Guar Seeds 10 Mt April: Prices Back In Downward Channel

20 Mar 2018 9:57 am

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Report For Date: 20/03/2018

NCDEX Guar Seeds 10 Mt April: Prices Back In Downward Channel

NCDEX Guar Seeds (Price are in INR )

The trend is.

Key support is at 4190 and anything close below 4190 will resume the further decline.

Resistance is at 4350.

A breakout and close above 4350 may mark a major reversal.

Since trend is still down, sell below 4190 with high of the day or 4350 as a stop loss.

Buy on breakout and close above 4350.

TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
4213.5	4394.3	DOWN	4686.5	5.02	4111	4185	4230	4259	4333

*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 -G/L%	OPEN INTEREST	OI -G/L %	CANDLE	POSITION
4213.5	-1.5	78920	-34.2	127810	-2.2	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
38.7	-10.8	37	-35.0	-56	-4.7	46.16	-15.48

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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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