Report For Date: 02/03/2019
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Exit long as near term correction towards WRV-3574 or below could be witnessed.
Support could be at the retracement of the last rise from 3149 to 3915. Retracement levels are placed at 3624-3533-3442.
Resistance will be at 3666-3725-3808-3915.
Once breakout above 3915 is witnessed expect a rally to 4400.
Accumulate at 3575 or below with a stop loss of 3426.
TREND INFORMATION WITH WEEKLY LEVEL
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3649.00
|
3575.06
|
UP
|
3442.0
|
4.01
|
3453.7
|
3589.7
|
3666.3
|
3725.7
|
3861.7
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders can hold long position with WRV as the closing stop loss and close > WRV. Traders can hold short position with WRV as the closing stop loss and close < WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
3649.0
|
-2.2
|
197650.0
|
91.0
|
109070.0
|
-37.1
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
57.33
|
-9.08
|
26.45
|
-44.95
|
89.74
|
-5.03
|
60.65
|
-15.43
|
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.