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NCDEX Castor Seed December: Hold Long Positions

23 Nov 2017 9:54 am
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Report For Date: 23/11/2017


NCDEX Castor Seed December: Hold Long Positions

NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)

The trend is up.

Keep a stop loss of 4320 and hold long positions.

Buy on dips to 4400 – 4380 levels or below as the opportunity arises.

Expect higher levels of 4530 – 4600 to be tested.


TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 4416 4409 UP 4444 17.11 4317 4386 4424 4455 4524


*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
4416.0 -0.6 18960 13.7 79740 -2.4 Negative Unwinding



TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
42.8 -6.0 61 -13.1 -45 6.9 37.53 -25.13







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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