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  • Special Technical Report On NCDEX

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    The document provides a technical analysis and recommendation for trading the NCDEX September 2013 Gur contract. It notes that the contract has broken above a downward trend line over the past 3 days with high volumes, is trading above its 5-day and 20-day moving averages, and that the 14-day RSI is rising, indicating bullishness. It recommends buying the NCDEX September Gur contract between 1188-1193 levels over the next 3-4 days, with a stop loss of 1150 and target of 1250.

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    23rd August, 2013

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    Special Technical Report on NCDEX

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    The document provides a technical analysis and recommendation for trading the NCDEX September 2013 Gur contract. It notes that the contract has broken above a downward trend line over the past 3 days with high volumes, is trading above its 5-day and 20-day moving averages, and that the 14-day RSI is rising, indicating bullishness. It recommends buying the NCDEX September Gur contract between 1188-1193 levels over the next 3-4 days, with a stop loss of 1150 and target of 1250.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    7 views2 pages

    Special Technical Report On NCDEX

    Uploaded by

    Angel Broking
    The document provides a technical analysis and recommendation for trading the NCDEX September 2013 Gur contract. It notes that the contract has broken above a downward trend line over the past 3 days with high volumes, is trading above its 5-day and 20-day moving averages, and that the 14-day RSI is rising, indicating bullishness. It recommends buying the NCDEX September Gur contract between 1188-1193 levels over the next 3-4 days, with a stop loss of 1150 and target of 1250.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Special Technical Report

    Friday | Aug 23 , 2013


    rd

    Content
    Special Technical Report on NCDEX Sept GURCHMUZR Strategy / Recommendations

    Prepared by

    Anuj Gupta A.V.P - Technical Research Anuj.gupta@angelbroking.com (022) 29212000 Extn. 6137

    Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

    Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

    www.angelcommodities.com

    Special Technical Report


    Friday | Aug 23 , 2013
    rd

    NCDEX SEPT GUR

    As seen above in the daily price chart of NCDEX Gur Sept contract, it is trading in a positive trend from last 3 days and today it has breached the Down Trend Line along with substantial volumes which indicates optimism. Prices are trading above its 5 Day, 20 Day EMA (Exponential Moving Average), which also signals positivity. On the oscillator front, 14 day RSI is rising which indicates bullishness. NCDEX Sept Gur contract can find support around 1190 levels and below that strong support is seen at 1150 levels. Resistance is seen at 1250 levels and above that at 1300 levels. Looking at Down Trend Line breakout with substantial volumes coupled with oscillators supporting bullishness, we recommend Buy in NCDEX Sept GURCHMUZR contract.

    Positional Call (3-4 Days):- Buy NCDEX GURCHMUZR Sept between 1188 - 1193, SL - 1150, Target - 1250 (CMP - 1193)

    www.angelcommodities.com

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