Report For Date 19/09/2016
NCDEX Refined Soya Oil October Weekly: Further Rise Is Above 681 Closing
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Traders long can keep the stop loss at 640.
Resistance will be at 671-681.
Support will be at 649-640.
Traders long may take profits at higher range of 671-681 as the opportunity arises.
Re-enter long on rise and close above 681.
Weaker opening and correction to 649 or below can be for accumulation with a stop loss of 640.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
660.35
|
636.31
|
UP
|
635.4
|
5.08
|
626.9
|
649.2
|
660.4
|
671.5
|
693.8
|
*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
|
|
660.4
|
2.0
|
207150
|
668.4
|
60980
|
913.0
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
60.03
|
9.56
|
55.85
|
1.87
|
5.60
|
21.18
|
65.88
|
18.50
|
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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.
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