NCDEX Castor Seeds July Weekly: Further Breakout Above 4294 Required

Report For Date 15/06/2015

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

Traders long can hold the same with a stop loss of 3990.

Further rise is above 4294.

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

Stochastic exit the overbought zone on weekly chart.

RSI, MACD and RS are moving higher which suggest that near term rise can be seen with volatility. Stochastic overbought exit may show the level of 4116-4036 during the week

Breakout and close above 4294 on weekly basis can lead to a near term rally.

Weaker opening and correction to 4116-4036 can be used for buying with a stop loss of 3990.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	4161.00	3953.18	UP	4141.00	22.05	3832	4036	4116	4240	4444

*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
4161.0	1.7	366900.0	-6.5	210370	16.5	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
54.30	4.91	73.48	-9.73	-59.68	26.23	56.95	16.76

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.