Report For Date: 20/02/2017
NCDEX Soya Bean Weekly March ’17: Expect Lower Range To Be Tested
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Traders short and holding the same can revise down the stop loss to 3000.
Exit long and sell on rise from 2893-2967 with a stop loss of 3000.
Resistance will be at 2919-2967. .
Expect lower range of 2845-2723 to be tested.
TREND INFORMATION WITH WEEKLY LEVEL
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
2894.0
|
3167.4
|
DOWN
|
3833.0
|
10.06
|
2723
|
2845
|
2919
|
2967
|
3089
|
*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
|
2894.0
|
-3.4
|
59870
|
-67.3
|
7550
|
-80.7
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
30.74
|
-14.11
|
17.28
|
-40.97
|
-109.96
|
-3.72
|
38.03
|
-31.84
|
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.