Report For Date: 19/02/2018
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Traders long and holding the same can maintain the stop loss at 3415.
Resistance is at 3920-4104.
Resistance can be used to take profits.
Trend line resistance is visible at higher level and the same is being is likely to offer resistance.
Support will be at 3736-3492.
Correction towards the support could be witnessed.
Lower level of 3492-3408-3381 can be accumulation with a s top loss of 3360.
TREND INFORMATION WITH WEEKLY LEVEL
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
-
|
3831.00
|
3408.34
|
UP
|
3058.0
|
24.11
|
3552
|
3736
|
3825
|
3920
|
4104
|
*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
|
|
3831.0
|
1.1
|
513030
|
-27.1
|
249280
|
-8.3
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
77.65
|
1.10
|
82.10
|
-3.66
|
170.73
|
16.39
|
83.22
|
0.45
|
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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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