NCDEX Castor Seeds October: Expect Lower Range To Be Tested

Report For Date 9/10/2015

NCDEX Castor Seeds October: Expect Lower Range To Be Tested

NCDEX Castor Seeds (Price are in INR(Rs)/Quintal)

Exit long and sell on rise from 4172 to 4203 with a stop loss of 4215.

Expect lower range of 4151-4099 to be tested.

Addition of short position has been witnessed as open interest increased with the fall and negative candle.

Support is at 4124.

Lower level of 4124 or around it can attract support.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	4172.00	4246.44	DOWN	4159.0	28.09	4099	4151	4183	4203	4255

*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	% V Inc/Dec	Open Interest	% OI Inc/Dec	Candle	Position
4172.0	-0.6	35240	-70.1	233990	1.2	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC View Full Image
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