Report For Date: 15/03/2019
NCDEX Castor Seed April 19: Resistance At Higher Range
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
Exit long on rise from 5384 or above.
Resistance will be at 5396-5423.
Further rise is above 5480 closing.
Higher range of 5423-5480 can be used to exit long.
Re-enter long above 5480 closing.
Expect sideways movement and oscillation around DRV-5317.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
5384.00
|
5317.16
|
UP
|
5342.00
|
8.03
|
5291.3
|
5357.3
|
5396.7
|
5423.3
|
5489.3
|
*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
|
|
5384.0
|
0.3
|
38005
|
111.8
|
154400
|
-1.3
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
48.57
|
3.26
|
78.41
|
0.64
|
-13.99
|
30.16
|
52.52
|
6.90
|
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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.
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