NCDEX Mustard May Weekly: Expect New High’s In Short Term

Report For Week Dated: 27/04/2015

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

Addition of long position has been witnessed as open interest increased with the rise and positive candle.

Weaker opening and correction first to 3753-3683 can be used for buying with a stop loss of 3564.

Expect higher range of 3866-4049 to be tested.

The historical adjust peak is at 3869 on C1 chart.

In the event of a breakout and close above 3870 expect the rally to continue towards 4249.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	3795	3541	UP	3454	1.04	3500	3683	3753	3866	4049

*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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
3795	1.8792	345170	2635.103	53400	2725.3967	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
71.66	3.56	88.90	2.38	75.95	34.71	48.24	-10.50

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.