NCDEX Mustard June Weekly: A Rally To 4500 Possible

Report For Week Dated: 11/05/2015

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

Mustard Seed prices are likely to move towards 4500 in due course of time.

A historical breakout from the adjusted price peak of 3782 has been witnessed in last couple of week.

Weaker opening and correction to 3994-
3945 can be used for accumulation with a stop loss of 3666.

Expect higher range of 4063-4181 to be tested for the week.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	4013	3640	UP	3375	13.02	3827	3945	3994	4063	4181

*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
4013	3.72	379850	149.74	87500	117.66	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
85.26	3.73	93	0.58	162.07	16.06	69.84	17.38

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.