Report For Date 6/07/2015
NCDEX Castor Seeds August (Price are in INR(Rs)/Quintal)
Movement and fluctuation is likely to be in the band of 4294 to 3893 for some time
Narrower band is 4019-4164.
The movement is indecisive to take directional view on weekly charts.
Traders long can keep the stop loss at 3893.
Use rise to resistance of 4145-4257 can be used to take profits.
Accumulate at 4034-3924 can be used for accumulation with a stop loss of 3893.
Downside momentum is below 3893.
Upside momentum is above 4294.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
4082.0
|
3972.0
|
UP
|
4141.0
|
22.05
|
3924
|
4035
|
4100
|
4146
|
4257
|
*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
4082.0
|
-0.9
|
122020.0
|
28.6
|
106090
|
18.3
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
52.45
|
9.69
|
54.62
|
-5.22
|
-40.80
|
25.42
|
66.49
|
10.22
|
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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