NCDEX Refined Soya Oil January 2018 Weekly: Expect Higher Range To Be Tested

Report For Date 05/01/2018

NCDEX Refined Soya Oil January 2018 Weekly: Expect Higher Range To Be Tested

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

Traders long and holding the same can maintain the stop loss of 710.

Higher range for the week can be 749-767.

Profit booking around 757 could be witnessed.

Support will be at 739-731-710.

Further rally will continue above 758 closing.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	742.4	695.0	UP	641.9	30.06	714.2	731.9	739.0	749.5	767.2

*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
742.35	2.0	120250	149.3	28870	-8.1	Positive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
65.63	5.55	42.27	4.30	20.64	3.64	60.34	3.87

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.