Report For Date: 13/11/2017
NCDEX Coc Weekly December 2017: Pullback Rise Above 1580 closing
NCDEX COC :( Price in Rs/Quintal)
Traders short and holding the same can maintain the stop loss at 1580.
Cover short position at 1538 or below as the opportunity arises.
Resistance will be at 1559-1580.
Sideways movement band is 1580 and 1460.
Directional movement is outside the band.
Bandwidth is falling therefore sideways movement and contraction is being witnessed.
Pullback may be witnessed towards DRV-1608 in near term after considering the recent candles of consolidation.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
1538.0
|
1608.1
|
DOWN
|
2168.0
|
10.03
|
1449
|
1504
|
1524
|
1559
|
1614
|
*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
1538.0
|
1.4
|
128210
|
31.9
|
80220
|
-1.1
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
40.61
|
7.10
|
47.22
|
17.36
|
-83.58
|
8.33
|
56.07
|
19.08
|
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.