NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
The trend is sideways in Castor Seed futures on NCDEX.
Oct 2017 Futures contract settled at Rs 4712 per Quintal Friday.
Keep a stop loss of 4680 for any long positions.
Expect higher range of 4780 – 4840 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
TrendPrice
TrendDate
L1
L2
CP
L3
L4
Hold Long
4712.00
4774.23
SW
4761
14.09
4587
4676
4730
4765
4854
*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
4712.0
-1.0
29480
-46.9
93200
-3.4
Negative
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
44.57
-10.06
46.62
-29.59
8.86
-33.67
48.33
-15.61
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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