Report For Date 8/06/2015
NCDEX Castor Seeds July (Price are in INR(Rs)/Quintal)
Traders long can hold the same with a stop loss of 4050.
Larger upper shadow is witnessed which indicates resistance and supply.
Further rise can continue above 4294.
Expect lower range of 3997-3754 to be tested.
Traders long can take profits and exit long on rise to 4146-4300 as the opportunity arises.
Re-enter long on rise and close above 4300.
Trend is up but correction within the uptrend can be seen or volatility around current level could happen.
Correction to 3950 or below can be used for accumulation with a stop loss of 3865.
Traders can buy above 4300 with low of the week as the stop loss or 4092 whichever is lower.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
4092.0
|
3935.9
|
UP
|
4141.0
|
22.05
|
3754
|
3997
|
4146
|
4240
|
4483
|
*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
|
|
4092.0
|
-1.2
|
392360.0
|
99.5
|
180630
|
12.9
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
66.28
|
-9.16
|
48.05
|
-3.37
|
107.12
|
-2.74
|
51.41
|
-5.32
|
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.
0 Comments 
Post Comment 
