Report For Date: 09/07/2018
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Resistance is at 3319-3384-3467.
Exit long on rise from 3319 or above till 3567 is not crossed.
Lower range can be 3236-3005.
Reversal is above 3567 closing.
Stochastic is in oversold zone therefore lower range of 3236-3005 could offer support for recovery and bounce.
TREND INFORMATION WITH WEEKLY LEVEL
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
3319.0
|
3528.7
|
DOWN
|
3574.0
|
1.06
|
3005
|
3236
|
3384
|
3467
|
3698
|
*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
|
|
3319.0
|
-4.9
|
185300.0
|
55.2
|
50800.0
|
56.8
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
39.37
|
-15.96
|
34.76
|
27.79
|
-3.50
|
-121.04
|
12.10
|
-36.19
|
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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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