Report For Date 13/11/2017
NCDEX Mustard December: Higher Range Is To Take Profits
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Hold long position with a stop loss of 3879.
Expect higher range of 4024-4131 to be tested.
Supply zone from earlier gap and earlier peak upper shadow is 4072-4153.
Rise to higher range can be used to exit long and take profits till next decisive breakout above 4153 is not witnessed.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3964.0
|
3824.9
|
UP
|
3787.0
|
18.08
|
3810.3
|
3917.3
|
3977.7
|
4024.3
|
4131.3
|
*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE
G/L%
|
VOLUME
|
% V INC
/DEC
|
OPEN
INTEREST
|
% OI INC
/DEC
|
CANDLE
|
POSITION
|
3964.0
|
-0.5
|
156550
|
67.2
|
37390
|
24.7
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
59.70
|
-2.90
|
74.58
|
-9.99
|
22.23
|
45.48
|
80.33
|
1.20
|
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.