Report For Date: 10/07/2017
NCDEX COC :( Price in Rs/Quintal)
Bandwidth is rising along with the rise in open interest suggest that near term rise can happen. Hammer formation along with it can halt the rise.
Traders short and holding the same can maintain the stop loss at 1676.
Cover short position at 1644 or below as the opportunity arises.
Expect higher range of 1694-1812 to be tested.
Further weakness is below 1557 and till the cover short position.
Sell is below 1557 with high of the week as the stop loss or cover short position.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
1644.0
|
1841.1
|
DOWN
|
2168.0
|
31.03
|
1458
|
1576
|
1625
|
1694
|
1812
|
*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
|
1644.0
|
-0.5
|
190460
|
81.7
|
87200
|
9.0
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
27.73
|
-1.08
|
17.07
|
6.82
|
-124.64
|
-5.43
|
14.66
|
-12.38
|
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.