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.