NCDEX Castor Seeds June Weekly: Upside Trigger 3947

Report For Date 11/05/2015

NCDEX Castor Seeds June (Price are in INR(Rs)/Quintal)

Trend on weekly chart is still down and closing is below the DRV.

The 3 weeks high is placed at 3947.

Rally can resume if weekly close is above 3937.

Sell on rise from 3807-3883 with a stop loss of 3937.

Expect lower range of 3709-3535 to be tested.

Buy on breakout above 3937 with low of the week as the stop loss or 3786 whichever is lower.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3786.00	3880.34	DOWN	3778.00	30.04	3535	3709	3807	3883	4057

*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
3786	0.21	295200	207.82	162680	85.69	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
39.60	0.93	61	10.75	-174.99	4.14	20.85	-4.38

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.