NCDEX Soya Bean Weekly December: Cover Short Position At Lower Range 20 Nov 2017 10:36 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 20/11/2017 NCDEX Soya Bean Weekly December: Cover Short Position At Lower Range NCDEX Soya Bean: (Price Are INR (Rs)/Quintal) Traders short and holding the same can maintain the stop loss at 3000 but the objective could be to cover short position at lower range.f Resistance will be at 2882-2936. Support will be at 2828-2774. The last swing bottom was at 2713 and the demand zone attached to it was 2862-2713. Lower range is likely to attract support therefore cover short position at lower range. TREND INFORMATION WITH WEEKLY LEVEL STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Cover short 2855.00 2864.32 DOWN 2852.0 10.11 2774 2828 2854 2882 2936 *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 2855.0 0.1 267890 -28.1 191550 5.7 Positive Addition Long TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 40.24 0.57 30.92 50.69 -38.21 -20.71 31.98 3.86 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.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Domestic Weekly Technical Analysis NCDEX : Castor Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX : Castor Seed Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...