NCDEX Refined Soya Oil January 2018 Weekly: Accumulate On Correction

Report For Date 02/12/2017

NCDEX Refined Soya Oil January 2018 Weekly: Accumulate On Correction

NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)

Weaker opening and correction first to 740-729 can be used for buying with a stop loss of 692.

Resistance is at 751-758.

Traders can buy above 758 with low of the day stop loss or 740 whichever is lower.

On sustained rise and close above 758 expect a rally to 829 with volatility.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	745.70	682.31	UP	641.9	30.06	729.2	740.3	745.9	751.3	762.4

*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
745.7	-0.5	94630	-7.8	40240	1.3	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
70.98	-2.36	77.64	-1.86	19.93	15.52	74.53	0.71

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.