The trend is sideways in Guar Seeds futures on National Commodity & Derivatives Exchange (NCDEX).
June 2015 futures contract settled at Rs 5,023 per quintal Thursday.
Hold long positions with a stop loss of Rs 4,950.
Expect a rise to Rs 5,140-5,360 levels or above.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED JUNE 2015 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Long
5023
5070
SW
5023
21.05
4715
4929
5049
5143
5357
*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
5023
-1.88
101140
59.05
37210.00
-1.77
Negative
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
57.71
-6.57
42.96
-37.15
140.46
-8.93
39.09
-21.43
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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