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NCDEX Castor Seed March 2019: Resistance At Higher Range

9 Feb 2019 3:59 pm
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Report For Date: 11/02/2019



NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)


Range of movement can be between 5476 and 4980.

Resistance will be at 5250-5418.

Lower range can be 5082-4914.

Breakout and close above 5476 in near term can mark a reversal.



TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

5184.0

5283.0

DOWN

5256.0

11.01

4914

5082.0

5148.0

5250.0

5418.0


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

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

V -G/L%

Open Interest

OI -G/L %

Candle

Position

5184.0

-0.3

159750.0

119.8

139440.0

78.5

Indecisive

Addition long/Short




TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

51.80

-2.39

45.74

-7.76

137.49

-13.12

35.05

-6.22



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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