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NCDEX Coc Weekly April 2018: Cover Short Position At Lower Range

12 Mar 2018 9:44 am
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Report For Date: 12/03/2018

NCDEX Coc Weekly April 2018: Cover Short Position At Lower Range

NCDEX COC :( Price in Rs/Quintal)


Traders short and holding the same can maintain the stop loss at 1586.

Expect lower range of 1414-1260 to be tested.

Lower range can be used to cover short position.

Resistance will be at 1501-1568.

A rise and close above 1586 can halt the correction and pullback towards 16663 (DRV) can be tested.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

1482.00

1663.28

DOWN

233.9

136210.00

1260

1414

1501

1568

1722

*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

1482.0

-5.5

346430

233.9

136210

116.4

Negative

Addition Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

40.05

-2.26

10.89

-55.65

-2.66

-131.64

27.27

-2.07

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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