Report For Date: 05/03/2018
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
Exit long and sell on rise to 4098-4199 with a stop loss of 4350.
Expect lower range of 4022-3845 to be tested.
Sideways volatility and oscillation around DRV can be witnessed.
Support is at 3950.
Downside momentum is on fall and close below 3950.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4098.0
|
4310.1
|
DOWN
|
4357.0
|
29.12
|
3845
|
4022
|
4122
|
4199
|
4376
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
4098.0
|
-2.5
|
91760
|
36.1
|
35580
|
-36.7
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
41.43
|
-8.29
|
43.94
|
-6.97
|
-85.71
|
-4.96
|
33.83
|
-14.87
|
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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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