NCDEX Soya Bean Weekly July: Cover Short Position

Report For Date: 19/06/2017

NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)

Traders short and holding the same can maintain the stop loss at 2862.

Cover short position at 2800 or below as the opportunity arises.

Weakness is below 2713.

On rise and close above 2862 expect a rise towards DRV which is around 3027.

Sell is below 2713 with high of the week as the stop loss or 27800 whichever is higher.

TREND INFORMATION WITH WEEKLY LEVEL

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	2800.0	3027.9	DOWN	3002.0	28.04	2678.0	2760.0	2802.0	2842.0	2924.0

*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
2800.0	0.5	232860	-9.6	89960	0.1	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
37.28	3.52	21.69	45.41	-91.67	0.01	45.91	-15.22

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.