Report For Date: 01/01/2018
NCDEX Coc Weekly January 2018: Further rise is above 1864
NCDEX COC :( Price in Rs/Quintal)
Hold long position if any with a stop loss of 1680.
Weaker opening and correction first to 1734 or below can be used for buying with a stop loss of 1680.
Expect higher range of 1799-1837-1940 to be tested.
Further rise is above 1864.
Traders can buy above 1864 with low of the week as the stop loss or 1682 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
1771.50
|
1667.55
|
UP
|
1697.5
|
15.12
|
1631
|
1734
|
1799
|
1837
|
1940
|
*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
|
1771.5
|
-3.0
|
248880
|
32.8
|
83110
|
-10.6
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
60.91
|
-8.92
|
83.87
|
-4.88
|
0.65
|
105.71
|
75.51
|
-10.94
|
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.