NCDEX Commodity Tips for June 10th, 2010: Buy NCDEX Guar Gum
June 10, 2010 by admin
Filed under Analyst's Corner, General, NCDEX Tips
NCDEX Commodity Tips for June 10th, 2010: Buy NCDEX Guar Gum June above 4775 SL 4718 TGT 4850
NCDEX Guar Gum June Contract, prices on its Daily chart has formed White Morubozu candle-stick which indicates strong buying pressure in Guar Gum. Prices are close to resistance at 4775, a move above this will trigger buying with TGT of 4850 which is next Resistance whereas support is seen at 4720.
On indicator front RSI & MACD both are rising from bottom.
NCDEX Trading Strategy for 10th June, 2010: Buy NCDEX Guar Gum June above 4775 with Stop Loss of 4718 for Target of 4850.
Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

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