Report For Date: 20/04/2018
NCDEX Castor Seed May: Cover Short Positions
NCDEX Castor Seed: (Price are in INR (Rs)/Quintal)
The trend is down but prices are in oversold zone.
Ideally, cover short positions on dips to 4100 – 4080 range or below as the opportunity arises.
Wait for any fresh positions for the time-being.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
4120
|
4194
|
DOWN
|
N/A
|
N/A
|
4028
|
4088
|
4117
|
4148
|
4208
|
*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
|
4120.0
|
0.5
|
21420
|
35.1
|
70680
|
-1.8
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
42.2
|
7.4
|
43
|
59.2
|
-34
|
4.1
|
53.85
|
60.30
|
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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