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NCDEX Coc Weekly April 2018 : Further Weakness Is Below 1405 Closing

17 Mar 2018 2:29 pm
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Report For Date: 17/03/2018


NCDEX Coc Weekly April 2018 : Further Weakness Is Below 1405 Closing

NCDEX COC: ( Price in Rs/Quintal)

Traders short and holding the same can maintain the stop loss at 1483.

Demand zone is at 1482-1406.

Further weakness is below 1406.

Sell is below 1405 with high of the week as the stop loss or 1483 whichever is higher.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Short 1440.00 1634.78 DOWN 1659.50 16.02 1357 1414 1446 1471 1528
*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
1440.0 -2.8 218530 -36.9 150500 10.5 Negative Addition Short


TECHNICAL INDICATORS TABLE

RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
33.10 -5.49 9.41 -3.33 -32.63 -81.74 18.91 -8.65
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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