NCDEX Coc Weekly February 2018: Further rise is above 1885

Report For Date: 05/01/2018

NCDEX Coc Weekly February 2018: Further rise is above 1885

NCDEX COC :( Price in Rs/Quintal)

Hold long position if any with a stop loss of 1700.

Weaker opening and correction first to 1770 or below can be used for buying with a stop loss of 1700.

Resistance will be at 1797-1822-1885.

Traders can buy above 1885 with low of the week as the stop loss or 1796 whichever is lower.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	1796.0	1701.7	UP	1638.0	24.11	1718	1770	1797	1822	1874

*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
1796.0	0.3	253590	79.9	78950	66.0	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
61.39	0.51	74.21	-10.87	11.46	532.74	70.38	-7.46

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.