Report For Date: 22/05/2017
NCDEX Soya Bean Weekly June: Expect Lower Range To Be Tested
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Exit long and sell on rise from 2835-2899 with a stop loss of 3016.
Expect lower range of 2782-2665 to be tested.
TREND INFORMATION WITH WEEKLY LEVEL
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
2835.0
|
3087.2
|
DOWN
|
3002.0
|
28.04
|
2665
|
2782
|
2846
|
2899
|
3016
|
*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
2835.0
|
-2.2
|
205650
|
0.2
|
123710
|
-5.5
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
36.20
|
-7.92
|
13.81
|
-42.48
|
-74.77
|
-8.78
|
42.55
|
-12.67
|
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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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