Report For Week Dated: 22/06/2015
NCDEX Mustard (Price are in INR (Rs)/Quintal)
Traders long can exit the same at 4068 or above.
Correction is in progress of the last rally from 3288 to 4392.
Retracement levels are placed at 3974, 3827 and 3712.
The DRV is at 3997 and correction to DRV and 3974 can be seen in near term.
I
ndicators like RSI and Stochastic is falling which suggest near term correction or sideways volatility.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
4068.0
|
3997.9
|
UP
|
3375.0
|
13.02
|
3825
|
4003
|
4116
|
4181
|
4359
|
*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
|
4068.0
|
-3.8
|
562220.0
|
-3.3
|
71770
|
-19.5
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
68.29
|
-16.25
|
47.87
|
-35.20
|
238.69
|
-4.63
|
82.81
|
3.46
|
Weekly Chart
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.