Report For Date 31/08/2015
NCDEX Castor Seeds (Price are in INR(Rs)/Quintal)
Traders long can keep the stop loss at 3850.
Resistance will be at 4119-4131.Further breakout and close above 4131 can lead to a rally to 4309.
Correction to 4038-3957 can be used for accumulation with a stop loss of 3850.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
4072.0
|
3922.6
|
UP
|
4025.0
|
26.06
|
3957
|
4038
|
4084
|
4119
|
4200
|
*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
4072.0
|
0.5
|
61790
|
-36.8
|
255080
|
2257.5
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
54.30
|
1.72
|
84.19
|
4.68
|
-7.04
|
58.98
|
57.02
|
-13.12
|
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.