Report For Date 19/06/2017
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Resistance is at 640-642.
Traders can buy above 642 with low of the week as the stop loss or 631.
Breakout and close above 642 can show a pullback towards 655, 670 and 691.
A fall and close below 631 can show a slide towards 625 and 615.
Overall band is 642-615.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
637.25
|
636.93
|
UP
|
637.3
|
16.06
|
624.0
|
632.5
|
636.3
|
641.0
|
649.5
|
*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
|
637.3
|
0.7
|
157310
|
15.8
|
50500
|
-3.3
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
48.06
|
3.96
|
56.95
|
29.73
|
-10.31
|
12.50
|
66.81
|
-15.69
|
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.