NCDEX Mustard April: Further Rise Is Above 4262 Closing

Report For Date 19/03/2018

NCDEX Mustard April: Further Rise Is Above 4262 Closing

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

Exit long on rise from 4159 to 4262 as the opportunity arises.

Lower range can be 4106-4004.

Upside movement can continue above 4262.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	4159.00	3966.43	UP	4121.0	25.0	4004	4106	4156	4208	4310

*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
4159.0	-1.9	182620	-19.6	42620	16.8	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
59.13	-8.38	58.71	-5.19	82.12	0.56	58.82	-13.70

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.