Report For Date: 28/01/2019
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
Hold long position with a stop loss of 4980.
Resistance will be at 5198-5398.
Further rise is above 5398.
Support will be at 5098-4980.
If breakout above 5400 is witnessed then add long position for near term.
A rise towards 5435 and 5618 can be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
5154.0
|
5221.2
|
DOWN
|
5176
|
11.01
|
4942
|
5098
|
5198
|
5254
|
5410
|
*Trend will remain Down as long as last close is below the pink color WRV(Weekly Reversal Value). Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
5154.0
|
1.1
|
116470.0
|
7390.0
|
133695.0
|
1336850.0
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
52.65
|
2.84
|
42.63
|
3.48
|
145.31
|
-11.42
|
40.99
|
17.77
|
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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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