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NCDEX Castor Seed June 2019: Higher Range Is To Take Profits

18 May 2019 7:13 pm
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Report For Date: 18/05/2019


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


Traders by chance long and holding the same can maintain the stop loss at 5616.

Expect higher range of 5948-6114 to be tested and can be used to exit long and take profits.

Further rise is above 6234.

Higher range can be used to take profit till 6234 is not crossed.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

5852.0

5593.1

UP

5300.0

15.0

5616.7

5782.7

5879.3

5948.7

6114.7


*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

5852.0

0.6

273485.0

5.1

237550.0

-3.0

Indecisive

Unwinding




TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

62.33

1.29

37.69

-12.54

181.67

1.23

46.32

-3.09



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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