Report For Week Dated: 27/07/2015
NCDEX Mustard (Price are in INR (Rs)/Quintal)
Traders long and holding the same can keep the stop loss at 3972.
Sideways movement with volatility is being witnessed at 4334 to 3972.
Resistance will be at 4233-4395.
Support will be at 4071-3909.
Use rise to 4233 or above to exit long and take profits.
Breakout and close above 4334 with low of the day stop loss or 4151 whichever is lower.
Deeper correction can be seen on fall and close below 3972.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
4151.0
|
4026.1
|
UP
|
3454.0
|
1.04
|
3909
|
4071
|
4152
|
4233
|
4395
|
*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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
|
4151.0
|
-1.5
|
248380
|
1165.3
|
75550
|
1632.8
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
66.53
|
-6.82
|
63.78
|
0.79
|
187.05
|
-4.05
|
68.64
|
-6.76
|
Weekly Chart
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.