Report For Week Dated: 30/03/2015
NCDEX Soya Bean C1 (Price are in INR (Rs)/Quintal)
Consolidation and sideways movement is being witnessed in the band of 3292 to 3511.
Breakout and close above 3511 is essential to seen short term rally.
Cover short position at 3382 or below.
Expect higher range of 3379-3440 to be tested.
Sell on fall below 3382 with high of the week as the stop loss or 3345 whichever is higher.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold long
|
3382.00
|
3344.36
|
UP
|
3402
|
26.12
|
3314
|
3357
|
3376
|
3400
|
3443
|
*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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
|
|
3382.00
|
1.11
|
98510
|
-0.37
|
55210.00
|
-27.56
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
48.70
|
5.53
|
32.63
|
69.81
|
-24.74
|
11.19
|
53.16
|
4.64
|
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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