Report For Date: 04/12/2017
NCDEX Soya Bean Weekly January: Expect Higher Range To Be Tested
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
A strong rise with bullish candle was witnessed 2 weeks back.
Hold long position with a stop loss of 2882.
Resistance will be at 3123-3186.
Further rise will continue if weekly closing is above 3186.
TREND INFORMATION WITH WEEKLY LEVEL
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3095.00
|
2994.59
|
UP
|
3058.0
|
24.11
|
2973
|
3048
|
3077
|
3123
|
3198
|
*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
3095.0
|
1.2
|
322760
|
-1.5
|
190390
|
30.0
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.17
|
3.60
|
75.92
|
46.26
|
-16.37
|
40.93
|
62.05
|
15.13
|
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.