Report For Date 17/07/2017
NCDEX Mustard August Weekly: Expect Pullback Towards Drv
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Cover short position at 3700 or below as the opportunity arises.
Weakness is below 3600.
Expect higher range of 3732-3817 to be tested.
A pullback towards DRV -3749 is likely with volatility.
Sell is below 3600 with high of the week as stop loss or 3700 whichever is higher.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
3700.0
|
3748.7
|
DOWN
|
4199.0
|
2.12
|
3562
|
3647
|
3679
|
3732
|
3817
|
*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
|
3700.0
|
1.4
|
202650
|
3.2
|
59980
|
23.7
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
40.57
|
11.22
|
87.64
|
52.90
|
-136.24
|
8.14
|
38.76
|
-3.84
|
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.