NCDEX Coc Weekly April 2018: Further Weakness Is Below 1365 Closing

Report For Date: 02/04/2018

NCDEX Coc Weekly April 2018: Further Weakness Is Below 1365 Closing

NCDEX COC :( Price in Rs/Quintal)

Traders short and holding the same can maintain the stop loss at 1453.

Support is at 1365.

Lower range for the week can be 1372-1365.

A fall and close below 1365 with bearish candle at the end of the week can extend the slide.

A rise and close above 1454 can lead near term reversal.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	1386.00	1568.75	DOWN	1687.00	16.02	1335	1372	1394	1408	1445

*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	% V INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
1386.0	-1.5	104300	0.7	115030	-19.3	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
31.58	-3.35	5.38	-37.26	-54.79	-23.31	25.40	-11.44

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.