Report For Date 20/11/2017
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Exit long on rise to the resistance of 730-713-739 as the opportunity arises.
Expect 687-662 to be tested.
Addition of short position has been witnessed as open interest increased with the fall and negative candle.
Bandwidth has increased with fall which suggests that downside momentum can emerge.
Indicator Data show as per table is negative.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Exit long
|
698.45
|
667.91
|
UP
|
641.9
|
30.06
|
662.0
|
687.8
|
703.0
|
713.6
|
739.4
|
*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
|
698.5
|
-2.6
|
159050
|
-16.1
|
52260
|
3.5
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
61.69
|
-13.50
|
76.32
|
-14.24
|
13.22
|
3.36
|
64.76
|
-20.50
|
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.