Report For Date 21/09/2015
NCDEX COC September :( Price in Rs/Quintal)
Exit long on rise from 1562 to 1584 as the opportunity arises.
Expect lower range of 1545-1506 to be tested.
Swing top appears to be in place.
Correction to the DRV of 1488 is likely to be witnessed.
Broadly for near term till 1624 is not crossed objective remains to exit long and take profits.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1562.0
|
1488.2
|
UP
|
1080.7
|
5.12
|
1506
|
1545
|
1568
|
1584
|
1623
|
*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
|
|
1562.0
|
-1.6
|
70790
|
-11.4
|
46320
|
26.1
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
64.96
|
-7.17
|
69.35
|
-13.63
|
71.05
|
-4.80
|
67.81
|
-3.43
|
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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