Report For Date 20/03/2017
NCDEX Mustard April Weekly: Cover Short Position
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Cover short position at 3883 or below as the opportunity arises.
Expect higher range of 3916-4012.
Further weakness is below 3753.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
3883.00
|
4094.26
|
DOWN
|
4594.0
|
16.12
|
3724
|
3820
|
3854
|
3916
|
4012
|
*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
|
|
3883.0
|
1.2
|
109960
|
-51.8
|
33600
|
-13.4
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
37.23
|
6.76
|
67.04
|
47.79
|
-188.71
|
2.63
|
40.06
|
14.61
|
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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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