Report For Date 2/06/2015
NCDEX COC June :( Price in Rs/Quintal)
Last week candle move and gain hold the correction.
Further correction within the uptrend can be seen if last week low of 1740 is violated.
Resistance will be seen at 1858-1947.
Recent peak was at 1907.
Higher range can attract profit booking pressure.
A further breakout and close above 1947 can extend the rally otherwise higher range can attract profit booking.
Rise to 1858-1947 resistance can happen.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1828.0
|
1717.6
|
UP
|
1412.0
|
12.12
|
1680
|
1769
|
1800
|
1858
|
1947
|
*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
|
|
1828.0
|
3.4
|
212580.0
|
79.1
|
80400
|
-20.2
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
70.49
|
5.41
|
45.04
|
-26.82
|
105.83
|
0.47
|
49.71
|
27.39
|
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
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