NCDEX Soya Bean February: Expect Lower Range To Be Tested

Report For Week Dated: 1/2/2016

NCDEX Soya Bean (Price are in INR (Rs)/Quintal)

Traders short can keep the stop loss at 3866.

Cover short position at 3726 or below as the opportunity arises.

Exit long and sell on rise to 3751-3800 with a stop loss of 3866.

Expect lower range of 3676-3552.

Sell is below 3666 with high of the week as the stop loss or 3726 whichever is higher.

Pullback rally can resume on breakout and close above 3866 and broadly till then use rise to 3800 or above to exit long.

Re-enter long on rise and close above 3866.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	3726.00	3681.60	UP	3681.0	15.01	3552	3676	3751	3800	3924

*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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
3726.0	-1.9	222850	133.3	63550	-12.4	Negative	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
52.28	-4.94	57.93	29.33	44.77	-5.01	70.46	4.48

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.