NCDEX Soya Bean Weekly March: Further Rise Is Above 3934 Closing

Report For Date: 19/03/2018

NCDEX Soya Bean Weekly March: Further Rise Is Above 3934 Closing

NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)

Traders by chance long and holding the same can maintain the stop loss at 3685.

Resistance is at 3842-3952.

Further rise can continue if the close is above 3934 with bullish candle at the end of the week.

TREND INFORMATION WITH WEEKLY LEVEL

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	3796.00	3563.62	UP	3058.0	24.11	3622	3732	3778	3842	3952

*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	% V INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
3796.0	-0.7	331250	-29.3	234610	-7.2	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
70.47	-2.45	70.26	-1.24	201.66	0.83	74.35	-1.64

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.