Date: 25/03/2019
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Exit long and sell on rise from 737-756 as the opportunity arises with a stop loss of 768.
Resistance will be at 746-756.
Lower range can be 727-698.
Last swing bottom was at 730.
The demand zone attached to 730 is 730-713.
Lower range and demand zone can be used to cover short position.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
737.60
|
754.14
|
DOWN
|
737.6
|
22.03
|
698.6
|
727.5
|
746.4
|
756.5
|
785.4
|
*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 (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
737.6
|
-3.6
|
24550.0
|
-32.6
|
56580.0
|
329.3
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.59
|
-23.84
|
22.25
|
-38.24
|
3.79
|
-36.86
|
28.94
|
-47.69
|
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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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