Date: 01/04/2019
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Exit long and sell on rise from 714-720- as the opportunity arises with a stop loss of 729.
Resistance will be at 717-720-729.
Lower range can be 711-702.
The demand zone is at 706-719
Lower range and demand zone can be used to cover short position.
Next downside momentum is below 706 closing.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
714.35
|
739.61
|
DOWN
|
740.95
|
8.03
|
702
|
711
|
717
|
720
|
729
|
*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
|
714.4
|
-1.4
|
38990.0
|
23.7
|
30240.0
|
152.0
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
36.87
|
-8.74
|
5.23
|
-26.53
|
-2.72
|
-536.56
|
17.56
|
-25.27
|
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.