NCDEX Coc Weekly August: Expect Higher Range To Be Tested

Report For Date 03/08/2015

NCDEX COC August :( Price in Rs/Quintal)

Traders long can keep the stop loss at 1882.

Addition of long position has been witnessed as open interest increased with the rise and positive candle.

Weaker opening and correction to 1938-1908 can be used for buying with a stop loss of 1882.

Expect higher range of 1998-2088 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	1968.0	1750.9	UP	1412.0	12.12	1818	1908	1938	1998	2088

*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
1968.0	4.3	187150	1502.3	88310	23139.5	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
72.96	6.39	93.95	19.09	94.11	7.44	75.65	14.58

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.