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NCDEX Mustard August: Expect Higher Range To Be Tested

17 Jul 2017 10:18 am
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Report For Date: 17/07/2017


NCDEX Mustard August: Expect Higher Range To Be Tested
NCDEX Mustard: (Price are in INR (Rs)/Quintal)



Traders by chance long and holding the same can maintain the stop loss at 3626.

Expect higher range of 3728-3804 to be tested.

Accumulate at 3680-3652 with a s top loss of 3626.



TREND INFORMATION WITH INTRA-DAY LEVELS


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 3700.00 3630.85 UP 3609.0 28.06 3576.0 3652.0 3680.0 3728.0 3804.0


*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. 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

LAST CLOSE PRICE G/L% VOLUME % V INC /DEC OPEN INTEREST % OI INC /DEC CANDLE POSITION
3700.0 1.3 37870 39.4 59980 0.3 Positive Addition Long

TECHNICAL INDICATORS TABLE

RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
56.65 14.50 55.97 41.69 1.43 147.84 35.08 24.66





Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.

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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