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NCDEX Mustard December: Higher Range Is To Take Profits

13 Nov 2017 10:12 am
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Report For Date 13/11/2017

NCDEX Mustard December: Higher Range Is To Take Profits

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

Hold long position with a stop loss of 3879.

Expect higher range of 4024-4131 to be tested.

Supply zone from earlier gap and earlier peak upper shadow is 4072-4153.

Rise to higher range can be used to exit long and take profits till next decisive breakout above 4153 is not witnessed.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

3964.0

3824.9

UP

3787.0

18.08

3810.3

3917.3

3977.7

4024.3

4131.3


*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

3964.0

-0.5

156550

67.2

37390

24.7

Indecisive

Addition long/Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

59.70

-2.90

74.58

-9.99

22.23

45.48

80.33

1.20

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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