Report For Date 16/01/2017
NCDEX Mustard April Weekly: Further weakness is below 3834
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 4000.
Support will be at 3898-3834.
Expect higher range of 3953-4067 to be tested.
Weakness will resume below 3834.
Cover short position at 3898 or below.
Sell is below 3834 with high of the day stop loss or 3898 whichever is higher.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
3898.00
|
4419.40
|
DOWN
|
4590.0
|
9.12
|
3725
|
3839
|
3894
|
3953
|
4067
|
*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
|
|
3898.0
|
-0.7
|
85230
|
136.4
|
22460
|
40.5
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
31.38
|
-1.71
|
7.80
|
26.69
|
-150.48
|
-19.86
|
20.13
|
-9.43
|
.png)
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.
0 Comments 
Post Comment 
