Report For Week Dated: 16/03/2015
NCDEX Soya Bean C1 (Price are in INR (Rs)/Quintal)
Exit long on rise to 3400-3461 as the opportunity arises.
Sideways volatility around the DRV is being witnessed.
Oscillation around the DRV is happening.
Weakness is below 3322.
Traders by chance long and holding the same can keep the stop loss at 3322.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit long
|
3378.00
|
3343.48
|
UP
|
3402
|
26.12
|
3278
|
3339
|
3361
|
3400
|
3461
|
*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
|
|
3378.00
|
0.87
|
127750
|
30.88
|
76580.00
|
-3.31
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
48.14
|
4.07
|
28.60
|
-32.47
|
-27.89
|
9.11
|
57.94
|
-7.86
|
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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