April 07, 2011

NCDEX Guarseed Commodity Market

The commodity contract for Guarseed April NCDEX traded at upper levels and settled at 2904 on yesterday. The commodity  candle stick indicating continuation of bullish mode for the coming day for NCDEX market of commodity guarseed.
The daily closing above short and medium term moving averages suggests bullishness in the trend the technical indicator commodity guarseed RSI (14) is at 0.52 suggesting upside potential for commodity.
According to today's sentiments it is expected that NCDEX  guarseed prices will remain in the positive mode only. The traders commodity NCDEX tips is as follows:

Guar seed NCDEX: Buy April at 2880 SL 2930 SL 2858 
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