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NCDEX Mustard September: Sideways Volatility Likely

11 Aug 2017 10:37 am
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Report For Date: 11/08/2017


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

Exit long and sell on rise from 3696-3706 with a stop loss of 3727.

Expect lower range of 3685-3664 to be tested.

Near term rise is above 3727 closing.

Sideways volatility and oscillation around DRV is likely to be witnessed.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

3694.00

3703.72

DOWN

3699.00

9.08

3664

3685

3696

3706

3727



*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

3694.0

-0.1

25300

33.9

55170

9.3

Indecisive

Addition long/Short



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

44.32

-2.20

46.89

6.28

-2.49

-79.35

33.43

7.54





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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