Report For Date: 12/05/2018
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 4198.
Resistance is at 3994-4198.
Lower range is at 3838-3759-3891.
Cover short position at 3941-3579 as the opportunity arises.
Reversal for near term can be caused on rise and close above 4197.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
-
|
3941.00
|
4295.96
|
DOWN
|
4477.0
|
15.12
|
3579
|
3838
|
3994
|
4097
|
*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
|
|
3941.0
|
-3.0
|
86240
|
68.2
|
64730
|
49.1
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
59.08
|
3.02
|
73.24
|
-9.21
|
397.19
|
-1.41
|
74.71
|
0.95
|
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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