April 29, 2011

Commodity Guarseed Trend For 29 April

If we talk of tomorrows commodity trade session that it is considered to be as a drastic one for NCDEX as guarseed Prices fell drastically for May contract on the NCDEX platform. A closing is witnessed in daily chart indicating correction in prices. 

The guarseed market for NCDEX is indicating bearishness below daily EMA(8) for the short term trend. The commodity guarseed indicator RSI (14) is trading at 0.52 with indecisive sentiments.

For Commodity Guarseed overall trend we recommend selling for intraday.

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