NCDEX Sugar March Weekly: Correction Is In Progress

REPORT For Date: 06/03/2017

NCDEX Sugar (Price are in INR (Rs)/Quintal)

Exit long on rise from 3676 to 3778 as the opportunity arises.

Expect lower range of 3606-3434.

Further rally is on breakout and close above 3950.

Lower range is likely to be tested before moving higher.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3676.00	3728.33	DOWN	3676.0	10.03	3434	3606	3707	3778	3950

*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 -G/L%	OPEN INTEREST	OI -G/L %	CANDLE	POSITION
3676.0	-3.7	8480	163.4	2420	-52.7	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
50.08	-15.27	17.81	-61.55	85.39	-15.53	48.16	-16.21

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.