NCDEX Commodity Tips for Tomorrow: June 15, 2010: Buy NCDEX Guarseed July Series
June 15, 2010 by admin
Filed under Analyst's Corner, NCDEX Tips
Commodity Tips: 1-2 Day Buy NCDEX Guarseeds July above 2225 SL 2197 TGT 2255-2275
NCDEX Guar Seed July Contract, prices on its 4 Hourly chart has formed Right-angled Descending Triangle Formation after taking support at Rs. 2189, along with positive divergence with RSI indicator.
Breakout from the formation is at Rs. 2225. If Prices give breakout with good volumes Guarseed could be bought for Target of Rs. 2254-2276
Recommendation: 1-2 Day Buy NCDEX Guarseeds July above 2225 SL 2197 TGT 2255-2275
Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.
