Report For Date 26/09/2016
NCDEX Mustard October Weekly: Band Of Movement 4765-4488
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Traders long can maintain a stop loss at 4488.
Resistance is at 4742-4765.
Buy above 4765 with low of the day stop loss or 4639 whichever is lower.
Weaker opening and correction to 4658 or below can be used for accumulation with a stop loss of 4488.
The current movement is between 4765 and 4488.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
4698.0
|
4626.9
|
UP
|
4639.0
|
16.09
|
4574
|
4658
|
4701
|
4742
|
4826
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE
G/L%
|
VOLUME
|
% V INC
/DEC
|
OPEN
INTEREST
|
% OI INC
/DEC
|
CANDLE
|
POSITION
|
4698.0
|
1.3
|
160810
|
537.1
|
52390
|
832.2
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
53.86
|
4.12
|
40.94
|
13.50
|
85.18
|
-7.29
|
59.13
|
34.84
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.