Report For Date: 17/10/2016
NCDEX Coc Weekly December: Use Rise To Exit Long
NCDEX COC :( Price in Rs/Quintal)
Traders long and holding the same can maintain the stop loss at 1860.
Resistance will be at 195-2013.
Use rise to resistance to exit long position.
As long as 2088 is not crossed higher range is to exit long position.
Downside momentum will continue on fall and close below 1860.
Cover short position at 1924 or below.
Contrarian buy can be considered at 1924-1901 with a stop loss of 1860.
Weaker opening and correction first to 1924-1901 can be for accumulation.
If higher range is attained first then avoid buying at lower range
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
1934.0
|
N/A
|
DOWN
|
N/A
|
N/A
|
1845
|
1901
|
1924
|
1957
|
2013
|
*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
|
1934.0
|
-0.9
|
70510
|
-37.5
|
65510
|
2.2
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
36.15
|
-1.21
|
2.96
|
64.46
|
-43.60
|
-199.10
|
27.01
|
3.46
|
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.