Report for Date: 05/08/15The trend is down in Maize futures on National Commodity and Derivatives Exchange (NCDEX).
Maize Aug 2015 futures contract settled at Rs. 1,247 per quintal Tuesday.
Exit long positions on rise to 1256-1276 levels or above as the opportunity arises.
Re-enter long on rise and close above 1283.TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Exit Long
1247.0
1248.9
DOWN
1236.0
3.08
1216.3
1236.3
1245.7
1256.3
1276.3
*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
1247.0
0.89
3350
-0.59
12730.00
-9.78
Positive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
52.48
11.01
34.26
2.78
8.11
-13.23
60.51
48.42
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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