NCDEX Mustard May Weekly: Further Weakness Is Below 3720

Report For Date 28/04/2017

NCDEX Mustard: (Price are in INR (Rs)/Quintal)

Traders short and holding the same can maintain the stop loss at 3810.

Resistance will be at 3762-3802-3810.

Lower range can be at 3719-3636.

A rise and close above 3810 with bullish candle can mark a pullback reversal towards DRV.

Sell on fall below 3720 with high of the week as the stop loss or 3759 whichever is higher.
TREND INFORMATION WITH WEEKLY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.