Report For Date 27/06/2016
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Traders short can revise down the stop loss at 3872.
Sell on fall below 3770 with high of the week as the stop loss or 3805 whichever is higher.
Traders can buy above 3872 with low of the week as the stop loss or 3770 whichever is lower.
Directional movement on weekly chart is out of the band 3770-3872.
TREND INFORMATION WITH WEEKLY LEVEL
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
3805.00
|
3841.9
|
DOWN
|
3833.0
|
10.06
|
3657
|
3759
|
3816
|
3861
|
3963
|
*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
3805.00
|
0.2
|
227580
|
975.5
|
62780
|
1965.1
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
48.49
|
0.77
|
12.93
|
-35.46
|
29.76
|
-22.55
|
24.10
|
-6.43
|
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.