Report For Date 23/04/2018
NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)
Exit long on rise from 776.7 to 802 as the opportunity arises.
Resistance will be at 786-802.
Further correction is below 765.
On fall and close below 765 expect a fall to DRV-749
Breakout and close above the recent peak of 802 is essential to continue the higher top and higher bottom formation.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
776.7
|
749.8
|
UP
|
644.0
|
7.07
|
746
|
766
|
776
|
786
|
806
|
*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
|
776.7
|
0.3
|
86490
|
3.6
|
55070
|
0.2
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
61.44
|
-2.84
|
30.21
|
-36.42
|
21.60
|
-6.17
|
58.90
|
1.05
|
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.