NCDEX Soya Bean Weekly October: Expect Lower Range To Be Tested

Report For Date 22/08/2016

NCDEX Soya Bean Weekly October: Expect Lower Range To Be Tested

NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)

Traders short and holding the same can maintain the stop loss at 3645.

Exit long and sell on rise from 3473 to 3563 with a stop loss of 3645.

Resistance will be at 3499-3563.

Expect lower range of 3409-3255 to be tested.

TREND INFORMATION WITH WEEKLY LEVEL

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3473.00	3697.98	DOWN	3833.0	10.06	3255	3409	3499	3563	3717

*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
3473.0	-1.9	218740	-6.8	57470	10.5	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
34.24	-7.25	9.16	27.30	-81.67	-21.81	19.52	-17.51

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.