Report For Date: 23/07/2018
NCDEX COC :( Price in Rs/Quintal)
Traders long and holding the same can maintain the stop loss at 1627.
Resistance will be at 1828-1964.
Further breakout and close above 1864 lower top can set a rally.
On the initial front rise to 1828-1864 can be used to exit long or take profits.
Re-enter long on rise and close above 1864.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
1760.0
|
1513.2
|
UP
|
1436.0
|
8.06
|
1557
|
1693
|
1761
|
1828
|
1964
|
*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
|
|
1760.0
|
0.6
|
141570.0
|
37.2
|
150.0
|
-85.6
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
65.11
|
0.67
|
87.93
|
-1.85
|
23.11
|
475.36
|
66.65
|
-9.92
|
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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