NCDEX Refined Soya Oil December 2017 Weekly: Exit Long On The Rise

Report For Date 20/11/2017

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

Exit long on rise to the resistance of 730-713-739 as the opportunity arises.

Expect 687-662 to be tested.

Addition of short position has been witnessed as open interest increased with the fall and negative candle.

Bandwidth has increased with fall which suggests that downside momentum can emerge.

Indicator Data show as per table is negative.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Exit long	698.45	667.91	UP	641.9	30.06	662.0	687.8	703.0	713.6	739.4

*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	% V Inc/Dec	Open Interest	% OI Inc/Dec	Candle	Position
698.5	-2.6	159050	-16.1	52260	3.5	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
61.69	-13.50	76.32	-14.24	13.22	3.36	64.76	-20.50

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.