Report For Week Dated: 27/04/2015
NCDEX Soya Bean June (Price are in INR (Rs)/Quintal)
Traders by chance long can keep the stop loss at 3612.
Resistance will be seen at 4114.
On further breakout and close above 4114, expect 4193-4649 to be tested.
The adjusted continuous chart peak for C1 is 4855.
Support and correction point for the week can be 3903-3737 and can be used for buying with a stop loss of 3612.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
4028
|
3462
|
UP
|
3402
|
26.12
|
3281
|
3737
|
3903
|
4193
|
4649
|
*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
|
|
4028
|
10.2354
|
342230
|
1666.8043
|
88250
|
2073.6453
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
74.98
|
18.03
|
90.28
|
4.13
|
59.00
|
254.37
|
70.40
|
44.94
|
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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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