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

Report For Date 12/03/2018

NCDEX Refined Soya Oil April 2018 Weekly: 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 at 775.

Expect higher range of 805-832 to be tested.

Higher range can be used to take profits for near term traders.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	793.3	721.3	UP	311.75	47230.00	751.2	778.2	790.1	805.2	832.2

*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
793.3	4.2	194180	311.7	47230	46.8	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
73.92	9.86	87.20	21.99	22.40	12.61	73.99	18.48

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.