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NCDEX Mustard December: Resistance At Higher Range

1 Dec 2018 1:33 pm
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Report For Date 03/12/2018

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

Resistance will be at 4019-4073.

Lower range can be 3924-3775.

Support cluster will be at 3935-3921-3892.

Reversal for up move will be seen above 4142 closing.

Objective remains to exit long till 4142 is not crossed on closing.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

3977.00

4042.90

DOWN

3977.00

30.11

3775

3924

4019

4073

4222


*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.


PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE

G/L%

VOLUME

% V INC

/DEC

OPEN

INTEREST

% OI INC

/DEC

CANDLE

POSITION

3977.0

-2.9

71990.0

47.6

32680.0

-18.1

Negative

Unwinding



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

44.18

-13.33

31.23

-4.77

7.39

-58.93

30.59

-10.81









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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