Report For Date 11/02/2019
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 3998.
Resistance is at 3978-3998.
Lower range can be 3897-3816.
Accumulate at 3866-3825 with a stop loss of 3764 based on contrarian view of support cluster at lower range and structural formation.
Buy if breakout above 4000 is witnessed with low of the week as the stop loss or 3928 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3928.00
|
3975.87
|
DOWN
|
4019.0
|
30.11
|
3816
|
3897
|
3948
|
3978
|
4059
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE
G/L%
|
VOLUME
|
% V INC
/DEC
|
OPEN
INTEREST
|
% OI INC
/DEC
|
CANDLE
|
POSITION
|
3928.0
|
-0.6
|
53070.0
|
78.0
|
19280.0
|
7.6
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
41.28
|
-3.72
|
75.86
|
26.18
|
-52.88
|
0.07
|
44.76
|
10.02
|
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.