NCDEX Mustard May: Resistance At Higher Range

Report For Date 16/04/2018

NCDEX Mustard May: Resistance At Higher Range

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

Exit long on rise from 3927 to 3991 and sell with a stop loss of 4012.

Resistance will be at 3948-3991-4012.

Lower range can be 3884-3777.

A rise and weekly close above 4012 with bullish weekly candle can set pullback rise.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	3927.00	3984.38	DOWN	3927.0	13.0	3777	3884	3948	3991	4098

*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
3927.0	-1.7	197550	22.7	121690	32.7	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
43.63	-6.69	9.47	16.84	23.07	-40.43	30.20	-8.87

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.