NCDEX Mustard April Weekly: Lower Range Is To Cover Short Position

Report For Date 20/02/2017

NCDEX Mustard April Weekly: Lower Range Is To Cover Short Position

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

Traders short and holding the same can maintain the stop loss at 3823.

Exit long and sell on rise from 3792-3819 with a stop loss of 3823.

Expect lower range of 3762-3705 to be tested.

Lower range can be used to cover short position.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3788.00	4218.50	DOWN	4594.0	16.12	3705	3762	3792	3819	3876

*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	% V INC /DEC	OPEN INTEREST	% OI INC /DEC	CANDLE	POSITION
3788.0	-0.8	100650	24.3	49930	13.2	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
30.42	-2.10	5.03	11.52	-184.00	-9.66	23.41	-1.68

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.