NCDEX Sugar July Weekly: Sideways Movement

REPORT For Date: 03/07/2017

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

Trend is down and sideways with volume.

Active is list less to derive any directional movement on account of lack of participation of traders.

Higher range can be 3685-3713.

Lower range can be 3657-3629.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3670.00	3722.33	DOWN	3721.0	1.06	3629	3657	3673	3685	3713

*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
3670.0	0.5	40	-87.9	210	-4.5	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
47.05	3.82	28.06	31.20	6.32	-41.65	52.62	-16.02

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.