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NCDEX Sugar July Weekly: Sideways Listless Movement

19 Jun 2017 10:00 am
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REPORT For Date: 19/06/2017

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


Sideways listless movement is being witnessed without any significant volume.

Indicating that no trade able activity is being witnessed to entry any position.

Exit long if any to 3727-3774 range as the opportunity arises.

Exit short if any to 3680-3633 as the opportunity arises.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

3707.00

3725.78

DOWN

3721.0

1.06

3633

3680

3699

3727

3774


*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

3707.0

0.0

80

0.0

270

0.0

Indecisive

Unwinding




TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

49.78

0.17

25.97

-29.87

18.23

-17.27

76.56

0.11






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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