Report For Week Dated: 25/05/2015
NCDEX Mustard June (Price are in INR (Rs)/Quintal)
Last week, we had indicated to trade long above 4138.
The high registered last week was 4276 and closed at 4261.
Traders who managed to buy as indicated had the opportunity to benefit.
Traders long and holding the same can maintain a stop loss to 4000.
Weaker opening and correction to 4182-4089 can be used for buying with a stop loss of 4000.
Expect higher range of 4355-4621 can be tested.
Another sustained rise and close above 4355 can set a rise towards 4645.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
4261.0
|
3798.2
|
UP
|
3454.0
|
1.04
|
3823
|
4089
|
4182
|
4355
|
4621
|
*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
|
|
4261.0
|
6.0
|
336990.0
|
527.8
|
78240
|
1516.5
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
83.06
|
6.15
|
91.38
|
4.25
|
167.94
|
24.49
|
75.43
|
22.60
|
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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