Report For Date: 02/05/2017
NCDEX Soya Bean Weekly May: Exit Long On The Rise
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Exit long on rise from 2934 or above as the opportunity arises.
Further rise is above 3070.
Traders already long and holding the same can maintain the stop loss at 2900.
Expect weakness below 2900.
Traders can buy above 3070 with low of the week as the stop loss or 2934 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVEL
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
2934.00
|
3012.96
|
DOWN
|
2934.0
|
28.04
|
2729
|
2879
|
2975
|
3029
|
3179
|
*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
|
2934.0
|
-4.0
|
177770
|
166.4
|
96720
|
-21.6
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
44.42
|
-14.87
|
74.33
|
-0.03
|
-75.48
|
7.41
|
56.64
|
-14.30
|
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.