Report For Date: 25/02/2019
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Accumulate at 3685-3579 with a stop loss of 3386.
Expect higher range of 3791-3897 to be tested.
Traders can buy above 3915 with low of the week as the stop loss or 3369 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVEL
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
3730.00
|
3569.15
|
UP
|
3442.00
|
4.01
|
3579
|
3685
|
3747
|
3791
|
3897
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders can hold long position with WRV as the closing stop loss and close > WRV. Traders can hold short position with WRV as the closing stop loss and close < WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
3730.0
|
0.1
|
103500.0
|
277.0
|
173480.0
|
10742.5
|
Indecisive
|
Addition Long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
63.06
|
0.27
|
48.05
|
-24.78
|
94.49
|
3.32
|
71.72
|
3.77
|
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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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