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NCDEX Coc February 2019 Weekly: Book Profits At Higher Range

9 Feb 2019 3:38 pm
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Report For Date: 11/02/2019


NCDEX COC :( Price in Rs/Quintal)



Exit long and sell on contrarian basis at 1989 to 2040 with a stop loss of 2103.

Resistance will be at 2003-2040.

Lower range can be 1952-1863.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

1989

1840

UP

1468.0

8.06

1863

1952

2003

2040

2129

*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 (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

1988.5

-2.9

227080.0

81.5

74680.0

67.9

Negative

Addition Short



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

60.17

-8.99

66.72

-14.62

75.90

-2.70

62.50

-13.27

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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