Report For Date 22/06/2015
NCDEX Castor Seeds July (Price are in INR(Rs)/Quintal)
Exit long on rise from 3996-4011-4130 as the opportunity arises.
Expect lower range of 3878-3626 to be tested.
Sell if Castor trades below Monday’s open and below 3803 with high of the week as the stop loss or 3966.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3996.00
|
3955.85
|
UP
|
4141.00
|
22.05
|
3626
|
3878
|
4011
|
4130
|
4382
|
*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
3996.0
|
-4.0
|
339550.0
|
-7.5
|
204620
|
-2.7
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
47.82
|
-11.94
|
57.63
|
-21.57
|
-54.70
|
8.34
|
60.33
|
5.94
|
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.