Report For Week Dated:18/05/2015
NCDEX Soya Bean June (Price are in INR (Rs)/Quintal)
Exit long on rise from 4103 to 4412.
Further rally can be witnessed above 4412.
Support is at 3933-3983.
A fall and close below 3983 can lead to a slide down for retracement, correction and consolidation in relation to the rise of 3322 to 4412 before moving higher.
Immediate breakout and close above 4412 can lead to a rally towards 4855.
To maintain the trended positive momentum breakout and close above 4412 is essential.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
4103
|
3731
|
UP
|
3402
|
26.12
|
3542
|
3933
|
4153
|
4324
|
4715
|
*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
|
4103
|
-5.26
|
567340
|
23.81
|
55050
|
-31.19
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
68.08
|
-15.63
|
81.71
|
-11.17
|
159.76
|
12.66
|
54.32
|
-32.96
|
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.