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NCDEX Castor Seed June 19: Resistance Remains At Higher Range

21 May 2019 11:12 am
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Report For Date: 21/05/2019



NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)


Exit long and sell on rise from 5766-5843 with a stop loss of 5976.

Expect lower range of 5721-5599.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

5766.0

5922.7

DOWN

5994.0

16.04

5599

5721

5799

5843

5965



*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

5766.0

-1.5

51435

9.5

230020

-3.2

Negative

Unwinding




TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

47.65

-8.88

29.74

-26.54

20.69

-27.78

30.92

-21.78








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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