Report For Date 05/05/2019
NCDEX Mustard: (Price are in INR (Rs)/Quintal)
Resistance will be at 3819-3867.
Traders short and holding the same can maintain the stop loss 3867.
Further weakness is below 3764.
Support will be at 3789-3771-3764.
Trend is still down irrespective of price fluctuation as prices are below WRV.
Higher resistance range can be tested.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
3801.00
|
3828.00
|
DOWN
|
3830.00
|
25.04
|
3723
|
3771
|
3789
|
3819
|
3867
|
*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
|
|
3801.0
|
0.8
|
26950
|
6.5
|
72940
|
17.9
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
48.50
|
16.11
|
25.10
|
141.37
|
-8.98
|
10.31
|
36.55
|
14.51
|
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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