NCDEX Refined Soya Oil March 2017 Weekly: Exit Long On The Rise

Report For Date 13/02/2017

NCDEX Refined Soya Oil March 2017 Weekly: Exit Long On The Rise

NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)

Exit long and sell on rise to 664.75 to 683 as the opportunity arises with a stop loss of 693.

Expect lower range of 655-627.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	664.75	689.68	DOWN	664.8	17.02	627	655	673	683	710

*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
664.8	-4.1	169070	63.6	54190	10.1	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
51.99	-11.11	13.27	-56.98	11.37	-12.80	54.84	-21.21

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.