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NCDEX Mustard May 2019: Resistance Will Be At Higher Range

20 Apr 2019 3:10 pm
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Report For Date 22/04/2019


NCDEX Mustard: (Price are in INR (Rs)/Quintal)


Resistance will be at 3760-3786-3838.

Support will be at 3723-3660.

Sell on rise to 3760-3786 with a stop loss of 3838.

Lower range can be 3723-3660.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

3748.00

3873.60

DOWN

3983.0

21.12

3660

3723

3760

3786

3849


*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

3748.0

-0.6

25960.0

-10.2

80190.0

1393.3

Negative

Addition Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

36.14

-4.01

36.54

6.88

-70.27

-1.80

27.71

156.76

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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