Report For Date: 25/03/2019
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Traders long and holding the same can maintain the stop loss at 3592.
Support will be at 3691-3640 and the same can be used for buying with a stop loss of 3592.
Expect higher range of 3757-3874.
The last top formed in 3894 and the same was tested in January 2019.
The high registered in January 2019 was 3915 and reacted down to 3592.
Last week, a rise was seen with positive candle thereby suggest that correction could be complete.
Weakness will be restored below 3592.
TREND INFORMATION WITH WEEKLY LEVEL
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3707.00
|
3581.80
|
UP
|
3442.00
|
4.01
|
3523
|
3640
|
3691
|
3757
|
3874
|
*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
|
3707.0
|
2.5
|
60430.0
|
99.0
|
175200.0
|
36400.0
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
59.73
|
8.84
|
27.83
|
85.03
|
78.42
|
0.30
|
55.69
|
13.05
|
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.