Report For Week Dated:8/06/2015
NCDEX Soya Bean August (Price are in INR (Rs)/Quintal)
Traders long and holding the same can maintain the stop loss at 3835.
Use rise to 3932-4006 can be used to exit long as last week was candle with larger upper shadow signifying supply and resistance at higher range.
Expect correction towards the DRV.
Lower range of 3796-3586 is likely to be tested.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3870.0
|
3757.9
|
UP
|
3405.0
|
27.03
|
3586
|
3796
|
3932
|
4006
|
4216
|
*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
|
3870.0
|
-0.5
|
246800.0
|
127.2
|
42710
|
15.9
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
60.32
|
-1.87
|
21.56
|
-45.70
|
132.51
|
-3.30
|
45.32
|
12.65
|
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.