Report For Date 17/10/2016
NCDEX Mustard November Weekly: Lower Range Is To Cover Short
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Traders long can maintain a stop loss at 4675.
Resistance will be at 4531-4603-4675.
Expect lower range of 4463-4323.
The last higher bottom is at 4330.
Lower range can be used to cover short position till 4330 is not violated.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
4536.0
|
4644.2
|
DOWN
|
4642.00
|
30.09
|
4323
|
4463
|
4531
|
4603
|
4743
|
*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
|
4536.00
|
-0.8
|
165440
|
-25.2
|
54440
|
26.6
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
45.20
|
-2.96
|
23.01
|
-33.83
|
36.89
|
-32.11
|
40.00
|
12.55
|
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.