NCDEX Refined Soya Oil C2 Weekly: Expect Higher Range To Be Tested

Report For Week Dated:13/04/2015

NCDEX Refined Soya Oil C2(Price are in INR (Rs)/10kg)

Traders long and holding the same can keep the stop loss at 563.

Expect higher range of 578-591 to be tested.

Higher range can be used to take profits.

Further breakout and close above 592 is essential to show short term rally.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	570.55	556.35	UP	556.55	20.03	551.6	564.6	571.7	578	591

*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
570.55	1.05	243750	180.85	121830.00	7.33	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
56.03	4.23	50.03	44.66	4.66	10.65	32.83	-26.06

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.