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NCDEX Castor Seed June: Cover Short Position At Lower Range

12 May 2018 12:05 pm
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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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