NCDEX Guar seeds10 Weekly : Crucial Support Is At 3475

NCDEX Guar seeds10 Weekly

Current Relation to Oct 2016 contract: Crucial Support Is At 3475

Report for Date: 29/08/16

The trend is up in Guar seed futures on NCDEX.

Oct 2016 futures contract settled at Rs 3520 per quintal Friday.

Ideally, hold long positions with a stop loss of 3475.

Expect a rise to 3630 – 3800 in coming weeks.

INTRA-WEEK LEVELS FOR NCDEX GUAR SEED OCT 2016 CONTRACT

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	3520.0	3485.0	UP	3300	8.07	3297	3463	3572	3629	3795

*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
3520.0	-5.25	504000	2.77	95030.00	-3.77	Negative	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
52.43	-9.78	34.04	-43.66	115.06	-6.96	54.67	-10.26

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.