March 30, 2011

Commodity Guarseed Bearish Trend

Commodity Guar seed April contract on NCDEX fell down drastically yesterday and settled at 2880 after making high of 3015.

Commodity Prices for guarseed closed below the short and medium term moving averages showing downside movements to be continued.

The commodity guar seed can show a mild higher correction before resuming its downtrend sentiments in commodity market at MCX. We recommend selling on resistance levels for commodity guarseed. 
Guar seed NCDEX: Sell April at 2910-15 TP 2862 SL 2930 
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