NCDEX Guar Seeds 10 Mt March 2019: Near Term Band 4275-4074

Report For Date: 02/03/2019

NCDEX Guar Seeds (Price are in INR )


Traders short and holding the same can maintain the stop loss at 4275.

Resistance will be at 4239-4275.

Support will be at 4111-4074.

Deeper correction is below 4074.

Cover short position at 4175 or below till 4074 is not violated.

Reversal is above 4275.

Buy if Guar Seeds trades above the weekly open and above 4275 with low of the week as the stop loss or 4175 whichever is lower at the point of rise above 4275.

For directional movement to resume post current correction the range is 4275 to 4074.

Next direction movement for reversal or for breakdown is outside the band 4275 to 4074.


TREND INFORMATION WITH INTRA-DAY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.