May 20, 2011

Commodity Guarseed for 20 May

The commodity Prices for guarseed came sideways in yesterday trading session and settled at 3285 flat in Guarseed June NCDEX contract.
A Doji candle stick patterned again suggesting indecision at higher level.
While the commodity prices for yesterday for guarseed is settled above short term moving average (EMA- 8) indicating strength in the trend. The Guarseed NCDEX prices will remain sideways and buying is recommended for the Guarseed NCDEX.
Guar seed NCDEX: Buy June at 3275 TP 3320 SL 3250
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