NCDEX Mustard April’17: Lower Range Can Be To Cover Short Position

Report For Date: 21/02/2017

NCDEX Mustard April’17: Lower Range Can Be To Cover Short Position

NCDEX Mustard: (Price are in INR (Rs)/Quintal)

Traders short and holding the same can maintain the stop loss at 3823.

Exit long and sell on rise to 3782-3801 with a stop loss of 3823.

Expect lower range of 3762-3723 to be tested.

Lower range can be used to cover short position.

Pullback can resume on rise and close above 3823.
TREND INFORMATION WITH INTRA-DAY LEVELS

*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.


PRICE, VOLUME AND OPEN INTEREST STRATEGY

TECHNICAL INDICATORS TABLE

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.
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.