NCDEX Soya Bean C1 Weekly: Exit Long On The Rise

NCDEX Soya Bean C1 (Price are in INR (Rs)/Quintal)

Exit long on rise to 3379-3387-3412 as the opportunity arises.

Expect lower range of 3354-3296 to be tested.

Buy or re-enter long if breakout and close above 3511.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Exit long	3379.00	3342.81	UP	3402	26.12	3296	3354	3387	3412	3470

*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
3379.00	-2.09	145250	915.73	74930.00	4109.55	Indecisive	Addition long/Short

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
48.27	-0.51	43.07	-9.29	-18.25	6.99	70.37	-3.95

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.