Report For Date 24/04/2017
NCDEX Mustard May Weekly: Further Weakness Is Below 3750
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 3893.
Cover short position at 3804 or below as the opportunity arises.
Overall weakness can continue on fall and close below 3750.
Sell is below 3750 or cover short position.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
3804.00
|
4080.59
|
DOWN
|
4594.0
|
16.12
|
3719
|
3777
|
3807
|
3835
|
3893
|
*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
|
3804.0
|
-1.6
|
35000
|
13.5
|
71880
|
2763.7
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
36.17
|
-5.36
|
20.19
|
-44.36
|
-158.95
|
1.14
|
32.10
|
-8.17
|
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.