Report For Date: 18/02/2019
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Exit long on rise from 3739-3779 or above as the opportunity arises..
Resistance will be at 3779-3858.
Lower range can be 3700-3621.
Expect near term correction to 3592-WRV with volatility.
TREND INFORMATION WITH WEEKLY LEVEL
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
3739.00
|
3592.83
|
UP
|
3404.0
|
28.12
|
3621
|
3700
|
3740
|
3779
|
3858
|
*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
|
|
3739.0
|
-1.0
|
163620.0
|
-30.2
|
175840.0
|
-2.4
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
62.07
|
-4.23
|
61.43
|
-21.12
|
98.17
|
1.98
|
65.36
|
-10.11
|
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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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