Report For Date: 29/05/17
NCDEX Castor Seed June’17: Cover Short Position
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
The trend is down but a reversal cannot be ruled out at this stage in Castor Seed futures on NCDEX.
June 2017 Futures contract settled at Rs 4535 per Kg Friday.
Ideally, cover short positions on dips to 4520 – 4485 levels or below as the opportunity arises.
A reversal will be marked on rise and close above 4660.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Cover Short
|
4535.00
|
4627.20
|
DOWN
|
4842
|
27.04
|
4399
|
4485
|
4521
|
4571
|
4657
|
*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
|
4535.0
|
1.8
|
33390
|
87.9
|
78370
|
-11.0
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
48.10
|
11.45
|
29.34
|
56.35
|
-57.15
|
10.27
|
63.67
|
11.11
|
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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