NCDEX Coc Weekly June: Correction In Progress

Report For Date 18/05/2015

NCDEX COC June :( Price in Rs/Quintal)

Correction is in progress now as a result of the sharp fall with bearish candle.

Expect the DRV of 1723 to be tested.

Exit long on rise from 1798 to 1927 as the opportunity arises.

Contrarian sell position can be undertaken on rise from 1798 to 1839-1886 with a stop loss of 1927.

A swing top is likely to be in place unless 1927 is crossed immediately.

Expect lower range of 1751-1616 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	1798.0	1723.3	UP	1376	5.12	1616	1751	1839	1886	2021

*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
1798	-6.11	275510	-1.22	100080	-2.51	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
68.10	-21.03	72.54	-19.23	108.36	-1.84	42.44	-41.93

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.