NCDEX Castor Seeds July Weekly: Exit Long On The Rise

Report For Date 22/06/2015

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

Exit long on rise from 3996-4011-4130 as the opportunity arises.

Expect lower range of 3878-3626 to be tested.

Sell if Castor trades below Monday’s open and below 3803 with high of the week as the stop loss or 3966.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	3996.00	3955.85	UP	4141.00	22.05	3626	3878	4011	4130	4382

*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
3996.0	-4.0	339550.0	-7.5	204620	-2.7	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
47.82	-11.94	57.63	-21.57	-54.70	8.34	60.33	5.94

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.