Report For Date: 11/02/2019
NCDEX Wheat (Price are in INR (Rs)/Quintal)
Cover short position at 2057 or below.
Expect higher range of 2086-2160 to be tested.
Weakness is below 1980 and till then traders can cover short position or undertake long position at support of 2041-2012 with a stop loss of 1980.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
2057.00
|
2054.77
|
UP
|
2057.00
|
8.02
|
1938
|
2012
|
2041
|
2086
|
2160
|
*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: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
2057.0
|
2.5
|
200.0
|
53.8
|
170.0
|
-26.1
|
Positive
|
Unwinding
|
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.