Report For Date: 02/03/2019
NCDEX COC :( Price in Rs/Quintal)
Earlier November 2018, a breakout above 1864 has been witnessed.
Consolidation along 1864 has been witnessed with swing bottom of 1807 and demand zone of 1893-1807.
Further a peak of 2078 was formed in February 2019 and correction towards low last week of 1905 has been witnessed.
Bearish candle was formed last week which suggest that lower support/demand zone of 1893-1807.
Expect the demand zone of 1893-1807 to be tested and support can be witnessed for recovery.
Reversal is above 1988 closing.
Resistance is at 1943-1982-1988.
Line Regression Line study has been plotted on the chart with parallel line from swing support points. The parallel line is at 1864 along with the earlier breakout point 1864.
Accumulate at 1864 or below with a stop loss of 1807.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
1937
|
1837
|
UP
|
1436.0
|
8.06
|
1816
|
1899
|
1943
|
1982
|
2065
|
*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
|
1937.0
|
-2.3
|
140090.0
|
95.0
|
69550.0
|
-20.1
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.44
|
-7.16
|
37.19
|
-15.97
|
66.27
|
-8.35
|
54.96
|
-16.54
|
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.