NCDEX Mustard June: Further Rise Is Above 4300 29 May 2015 8:29 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date 29/05/2015 NCDEX Mustard June: Further Rise Is Above 4300 NCDEX Mustard June: (Price are in INR (Rs)/Quintal) Traders long can revise stop loss to 4170. The indicators like RSI exiting overbought zone suggest that near term correction to sideways movement may emerge. Stochastic also exit the overbought zone therefore traders long need to take profit or hold long with the revise stop loss of 4170. Traders can trade long on rise and close above 4300 and till then take profits or exit long. Correction towards the DRV of 4032 can happen. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 4224.0 4032.9 UP 3447.0 31.03 4110 4193 4244 4276 4359 *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 4224.0 -1.1 105390.0 -20.5 63230 1.5 Negative Addition Short TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 67.25 -7.50 76.13 -5.50 123.24 -2.57 66.32 -14.54 Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place. 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. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest TechAnalysis Report Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Base Metals Lead (May 24) Bullish Trend / Buy on Dips... Base Metals Copper (May 24) Bullish Trend / Buy at CM... Top 5 Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp...