Report For Date: 24/09/2018
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Cover short position at 3358 or below.
Support will be at 3315-3255.
Expect higher range of 3419-3583 to be tested.
Pullback towards WRV-3430 can be witnessed.
Weakness is below 3158 and till then lower range can be to cover short position.
TREND INFORMATION WITH WEEKLY LEVEL
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3358.00
|
3430.19
|
DOWN
|
3365.0
|
27.07
|
3091
|
3255
|
3315
|
3419
|
3583
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders can hold long position with WRV as the closing stop loss and close > WRV. Traders can hold short position with WRV as the closing stop loss and close < WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
3358.0
|
3.3
|
169110.0
|
41.8
|
54620.0
|
-17.4
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
46.04
|
18.84
|
53.51
|
67.74
|
-57.71
|
6.41
|
42.83
|
199.40
|
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.