Report For Date: 17/07/2017
NCDEX COC :( Price in Rs/Quintal)
Traders short and holding the same can maintain the stop loss at 1675.
Cover short position at 1625 or below.
The last bottom was at 1547 and demand zone attached to it is 1624-1547.
Lower range for the week can be 1590-1517.
Lower range can be used to cover short position till 1547 is not violated on closing.
Pullback reversal will resume on rise and close above 1675.
Close above 1675 has to be with bullish candle to mark a reversal for a pullback towards DRV-1814.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
1625.0
|
1814.8
|
DOWN
|
2168.0
|
31.03
|
1517.0
|
1590.0
|
1628.0
|
1663.0
|
1736.0
|
*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: 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
|
1625.0
|
-1.2
|
164520
|
-13.6
|
102110
|
17.1
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
26.99
|
-2.69
|
26.75
|
56.71
|
-129.71
|
-4.07
|
12.43
|
-15.17
|
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.