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NCDEX Refined Soya Oil May 2019 Weekly: Resistance At Higher Range

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


NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)


Resistance will be at 728.9-738.

Lower range can be 717.4-696.40.

Exit long and sell on rise form 728.9-738.3 with a stop loss of 752.

Expect lower range of 717.4-696 to be tested.



TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

726.75

747.35

DOWN

737.6

22.03

696.4

717.4

728.9

738.3

759.3

*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

726.8

-1.7

29710.0

-9.2

49800.0

586.9

Negative

Addition Short



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

40.52

-9.89

30.86

16.17

-2.12

-428.68

24.42

47.13

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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