NCDEX Mustard June: Expect Higher Range To Be Tested

Report For Date 21/05/2018

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

Cover short position at 3975 or below as the opportunity arises.

Weakness will resume below 3900.

Expect higher range of 4014-4107 to be tested.

On sustained rise and close above 4014 expect a rise towards Bollinger Upper Band which is at 4163.


TREND INFORMATION WITH WEEKLY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.