Report For Date 20/07/2015
NCDEX COC August :( Price in Rs/Quintal)
Traders long can keep the stop loss at 1910.
The stop loss is revised up to 1910 as doji star is being witnessed which suggest momentary halt to the rise for minor correction before moving higher.
Alternatively, if immediate rise above 1957 is witnessed with bullish candle rally continues with momentum.
Further rise can continue above 1957.
Correction down to 1885 or below can be used for accumulation with a stop loss of 1840.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1928.0
|
1770.2
|
UP
|
1376.0
|
5.12
|
1864
|
1908
|
1933
|
1952
|
1996
|
*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
|
|
1928.0
|
0.3
|
186350.0
|
-9.8
|
81640
|
-3.9
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
69.70
|
0.51
|
76.18
|
7.67
|
96.33
|
0.40
|
66.92
|
-1.22
|
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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