NCDEX Mustard October Weekly: Further Rise Is Above 3845 Closing

Report For Date 18/09/2017

NCDEX Mustard October Weekly: Further Rise Is Above 3845 Closing

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

Traders long and holding the same can maintain the stop loss at 3775.

Resistance is at 3806-3845.

Traders can buy above 3845 with low of the week as the stop loss or 3775 whichever is lower.

Lower range for the week can be 3766-3694 and the same could be tested if immediately 3845 is not crossed.
TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	3798.00	3783.76	UP	3787.0	18.08	3694.3	3766.3	3806.7	3838.3	3910.3

*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
3798.0	-1.2	124550	0.5	48490	18.3	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
48.61	-6.36	61.80	-22.18	-32.48	12.36	54.24	-1.55

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.