Report For Date 25/02/2019
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 4019.
Resistance is at 3923-3940-4011.
Lower range can be 3835-3830.
Support cluster is at 3798-3727.
Reversal can be seen if breakout and close above 4019 is witnessed.
Exit long and sell on rise to 3942 or above with a stop loss of 4019.
Support cluster can be used to cover short position.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
3881.00
|
3987.52
|
DOWN
|
3983.0
|
21.12
|
3747
|
3835
|
3876
|
3923
|
4011
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE
G/L%
|
VOLUME
|
% V INC
/DEC
|
OPEN
INTEREST
|
% OI INC
/DEC
|
CANDLE
|
POSITION
|
|
3881.00
|
-0.8
|
23520.0
|
43.9
|
21100.0
|
8.0
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.13
|
-4.10
|
35.01
|
-31.36
|
-41.45
|
-7.87
|
42.47
|
0.39
|
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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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