Report For Date 16/01/2017
NCDEX Refined Soya Oil February 2017 Weekly: Exit Long On The Rise
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Traders long and holding the same can maintain the stop loss at 701.
Expect higher range of 731-747 to be tested.
Further rally is above 744.10 and till then use rise to exit long.
Correction resumes below 701.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
725.05
|
691.51
|
UP
|
638.8
|
5.08
|
700
|
715
|
722
|
731
|
747
|
*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
|
|
725.1
|
1.3
|
120200
|
20.3
|
43830
|
29.1
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
66.79
|
3.85
|
38.75
|
31.32
|
18.11
|
3.27
|
74.31
|
1.16
|
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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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