Report For Week Dated: 22/06/2015
NCDEX Refined Soya Oil (Price are in INR (Rs)/10kg)
Exit long on rise from 581 to 592 as the opportunity arises.
Expect lower range of 575-557 to be tested.
Addition of short position has been witnessed.
Indicators like RSI, MACD and Stochastic are falling which suggest that in near term lower range to be tested with volatility.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Exit long
|
581.8
|
574.7
|
UP
|
556.6
|
20.03
|
557
|
574
|
584
|
592
|
609
|
*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
|
581.8
|
-2.1
|
360920.0
|
-8.9
|
241010
|
5.6
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
53.50
|
-10.37
|
39.60
|
-40.58
|
10.00
|
-9.78
|
58.35
|
25.62
|
Weekly Chart
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.