REPORT For Date: 10/07/2017
NCDEX Sugar (Price are in INR (Rs)/Quintal)
Trend is down and sideways without volume.
Activity is list less to derive any directional movement on account of lack of participation of traders.
Higher range can be 3727-3815.
Lower range can be 3639-3551.
A close below 3580 can result into sharp slide.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
3687.00
|
3721.7
|
DOWN
|
3721.0
|
1.06
|
3551
|
3639
|
3678
|
3727
|
3815
|
*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
|
3687.0
|
0.5
|
140
|
250.0
|
140
|
-33.3
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
48.62
|
3.33
|
47.17
|
68.10
|
3.98
|
-37.08
|
44.83
|
-14.82
|
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.