Report For Date: 20/08/2018
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
Traders long and holding the same can maintain the stop loss at 4500.
Expect higher range of 4733-4892 to be tested and will witnessed resistance/supply.
Higher range can be used to exit long from 4733 to 4892 as the opportunity arises.
Near term correction or sideways volatility can be witnessed between 4500-4874.
Stochastic is in overbought zone therefore higher range can attract resistance till decisive breakout above 4874 is not witnessed at the end of week on closing basis.
Correction resumes on fall and close below 4500 on weekly closing basis.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4658.00
|
4500.89
|
UP
|
4246.0
|
29.06
|
4415
|
4574
|
4648
|
4733
|
4892
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
4658.0
|
-1.2
|
261990.0
|
-14.9
|
143670.0
|
-5.0
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
64.58
|
-5.10
|
77.85
|
-14.21
|
108.21
|
8.94
|
51.58
|
-10.03
|
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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