Report For Date 21/08/2017
NCDEX Refined Soya Oil August 2017 Weekly: Further Rise Is Above 666 Closing
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Technical Rating: 45.90 – Weak Up Trend
Traders by chance long and holding the same can maintain the stop loss at 640.
Further rise is above 665.20 closing.
If Soya Oil trades above the open and 666 then buy with low of the week as the stop loss or 640 whichever is lower.
Correction can resume on fall and close below 640.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
639.75
|
644.40
|
DOWN
|
639.8
|
18.08
|
616.5
|
633.5
|
644.3
|
650.5
|
667.5
|
*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
|
656.9
|
-0.3
|
150320
|
-28.6
|
49010
|
-8.8
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.96
|
-1.74
|
67.61
|
-7.09
|
0.69
|
286.79
|
45.94
|
-12.04
|
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.