NCDEX Castor Seeds October: Expect Lower Range To Be Tested

Report For Date 12/10/2015

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 4140 to 4190 with a stop loss of 4215.

Expect lower range of 4107-4024 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.

Downside momentum may continue if trades below the open and below 4124.

TREND INFORMATION WITH INTRA-DAY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.