NCDEX Coc Weekly April 2017: Exit Long On The Rise

Report For Date: 14/03/2017

NCDEX COC :( Price in Rs/Quintal)

Sideways movement is being witnessed between 2303 and 2167.

Exit long on rise from 2207 to 2338 as the opportunity arises.

Resistance is at 2237-2270-2338.

Expect lower range of 2173-2076 to be tested with volatility.

Further rise is above 2338 closing and till then exit long.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	2207.0	2211.7	DOWN	2207.0	10.03	2076	2173	2237	2270	2367

*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
2207.0	-3.5	239920	94.0	111270	38.8	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
68.42	0.90	82.17	6.94	573.63	5.93	77.11	5.40

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.