Report For Date 8/2/2016
NCDEX COC :( Price in Rs/Quintal)
Cover short position at 2052 or below as the opportunity arises.
Weakness is below 1936.
Support gap is at 1980-1936.
Resistance will be at 2063-2147.
The unadjusted C1 chart has the top at 2178.
Broadly, till the level of 2178 is not crossed objective remains to exit long position.
Consolidation may happen between 2178 and 1945.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
2052.00
|
1944.7
|
UP
|
1786.0
|
11.12
|
1939
|
2010
|
2038
|
2081
|
2152
|
*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
|
|
2052.00
|
0.7
|
171280
|
-20.7
|
58300
|
-10.9
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
61.75
|
1.15
|
47.46
|
-4.95
|
70.12
|
4.90
|
78.12
|
1.87
|
.jpg)
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.
0 Comments 
Post Comment 
