Report For Week Dated: 23/03/2015
NCDEX Soya Bean C1 (Price are in INR (Rs)/Quintal)
Cover short position at 3345 or below.
Support is at 3318-3257.
Sideways movement and oscillation around the DRV can be witnessed.
Pullback can resume above 3387.
Resistance is at 3379-3387.
Traders can buy above 3387 with low of the week as the stop loss or 3345 whichever is lower.
Sell on fall below 3292 with high of the week as the stop loss or 3345 whichever is higher.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit long
|
3345.00
|
3343.51
|
UP
|
3402
|
26.12
|
3257
|
3318
|
3352
|
3379
|
3440
|
*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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
|
|
3345.00
|
-0.98
|
98880
|
-22.60
|
76210.00
|
-0.48
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
46.15
|
-4.12
|
19.21
|
-32.81
|
-27.86
|
0.13
|
50.80
|
-12.32
|
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.
0 Comments 
Post Comment 
