Report For Date: 16/11/2018
NCDEX Castor Seed December: Higher Range Is To Take Profits
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
Hold long position if any with a stop loss of 6100.
Resistance will be at 6276-6382.
Use rise from 6218 to higher range to exit long and take profits.
Lower range for the day can be 6122-5842.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
6218.00
|
5956.06
|
UP
|
N/A
|
N/A
|
5842.0
|
6112.0
|
6276.0
|
6382.0
|
6652.0
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
6218.00
|
-1.61
|
60400
|
33.17
|
143455.00
|
-0.68
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
80.37
|
-10.50
|
76.36
|
-13.16
|
289.64
|
-0.44
|
63.24
|
-2.76
|
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.