Report For Date: 20/08/2018
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Cover short position at 3371 or below as the opportunity arises.
Further correction and weakness is below 3282.
Expect higher range of 3409-3510 to be tested.
Resistance gap is at 3444-3494 and the same could be tested if immediately 3282 is not violated.
TREND INFORMATION WITH WEEKLY LEVEL
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3371.00
|
3516.34
|
DOWN
|
3365.0
|
27.07
|
3207
|
3308
|
3345
|
3409
|
3510
|
*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
|
3371.0
|
-0.3
|
132150.0
|
16.6
|
50000.0
|
-4.0
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
43.02
|
-1.16
|
24.92
|
20.05
|
-16.04
|
-133.71
|
13.84
|
-1.61
|
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.