Report For Date: 18/02/2019
NCDEX Guar Seeds (Price are in INR )
Traders short and holding the same can maintain the stop loss at 4478.
Exit long and sell on rise from 4242-4313 with a stop loss of 4478.
Expect lower range of 4161-4009 to be tested.
Reversal can be seen if sustains above 4478 on weekly closing basis with bullish candle.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4242.00
|
4361.5
|
DOWN
|
4354.0
|
30.11
|
4009
|
4161
|
4233
|
4313
|
4465
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
|
4242.0
|
1.4
|
232180.0
|
-13.7
|
109700.0
|
6.4
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.49
|
7.03
|
35.08
|
-24.12
|
-206.61
|
-4.57
|
37.75
|
26.81
|
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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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