NCDEX Mustard July Weekly: Lower Range Is To Cover Short Position

Report For Date 19/06/2017

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

Traders short and holding the same can maintain the stop loss at 3660.

Cover short position at 3595 to 3508 as the opportunity arises.

Resistance will be at 3607-3660.

Exit long and sell on rise to 3607 or above with a stop loss of 3660.

Pullback can resume above 3660 closing.

Subsequently expect a rise towards DRV-3660.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3595.00	3790.46	DOWN	4199.0	2.12	3460	3554	3607	3648	3742

*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
3595.0	0.6	199610	-0.9	71520	2.4	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
29.43	6.41	19.67	23.91	-163.76	0.29	35.23	-24.36

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.