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NCDEX Guar Gum May 2019: Further Rise Is Above 9280 Closing

20 Apr 2019 3:09 pm
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Report For Date: 22/04/2019


NCDEX Guar Gum (Price are in INR)


Exit long and sell on rise from 8700-8872 with a stop loss of 9138.

Resistance will be at 8757-8872.

Lower range can be 8586-8300.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

8700.00

8837.05

DOWN

8700.0

18.04

8300

8586

8757

8872

9158


*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

8700.0

-4.9

43630.0

-43.1

61490.0

-9.6

Negative

Unwinding



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

48.57

-9.67

61.11

-16.88

-42.15

1.13

37.38

-3.87






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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