NCDEX Guar seeds10 Nov: Cover Short Positions
Report for Date: 07/10/15
The trend has turned up in Guar seeds futures on National Commodity & Derivatives Exchange (NCDEX).
Nov 2015 futures contract settled at 4055 per quintal Tuesday.
Ideally, cover short positions on dips to 4000-3935 levels or below as the opportunity arises.
Expect a rise to 4200-4320 in coming sessions.
INTRA-DAY LEVELS FOR NCDEX GUAR SEED NOV 2015 CONTRACT
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Cover Short
|
4055
|
4011
|
UP
|
4055
|
6.10
|
3743
|
3934
|
4004
|
4125
|
4316
|
*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
|
4055
|
3.34
|
117180
|
5.44
|
50330.00
|
0.06
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
61.11
|
7.79
|
88.97
|
1.59
|
3.14
|
118.98
|
57.91
|
36.65
|
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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