Report For Date 29/06/2015
NCDEX COC July :( Price in Rs/Quintal)
Traders long can keep the stop loss at 1740.
Sideways movement has been witnessed above 1740.
The resistance points are 1818-1855 and 1894-1907.
Traders can buy above 1855 with low of the week as the stop loss or 1790 whichever is lower.
Traders long can take profits if any on rise to 1800-1818-1855 as the opportunity arises.
Expect lower range of 1772-1726 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1790.00
|
1722.19
|
UP
|
1412.0
|
12.12
|
1726
|
1772
|
1800
|
1818
|
1864
|
*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
|
|
1790.0
|
-1.5
|
139850.0
|
-39.2
|
69020
|
-11.7
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
62.33
|
-5.12
|
46.48
|
35.26
|
84.09
|
-4.60
|
57.84
|
-11.38
|
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.
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