Report For Date: 25/07/2016
NCDEX Coc Weekly August: Further Rise Is Above 2791
NCDEX COC :( Price in Rs/Quintal)
Traders long can keep the stop loss at 2545.
Expect COC to move higher if resistance of 2791 is crossed on closing.
Traders can buy above 2791 with low of the day stop loss or 2656 whichever is lower at the point of breakout above 2791.
Wave iii of Wave C is in progress which can end now or can end around 2936 or 3351.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
2707.0
|
2418.6
|
UP
|
1786.0
|
11.12
|
2510
|
2645
|
2718
|
2780
|
2915
|
*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: a Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
2707.0
|
-2.2
|
115220
|
281.9
|
64580
|
286.5
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
74.13
|
-7.19
|
87.53
|
-2.53
|
155.72
|
4.72
|
55.09
|
-19.42
|
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.