Report For Date 28/11/2016
NCDEX Mustard December Weekly: Further Rise Is Above 4765
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Traders long can keep the stop loss at 4458.
Resistance will be at 4668-4765.
Further rise can be seen above 4765.
Traders can buy on breakout and close above 4765 with low of the week as the stop loss or 4645 whichever is lower.
Correction to 4535 or below can be used for accumulation with a stop loss of 4381.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
4645.00
|
4591.08
|
UP
|
4645.0
|
25.11
|
4460
|
4591
|
4668
|
4722
|
4853
|
*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
|
|
4645.0
|
2.4
|
66280
|
3687.4
|
36870
|
6990.4
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
52.78
|
8.94
|
41.65
|
-13.76
|
8.16
|
133.37
|
48.34
|
43.87
|
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.
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