NCDEX Refined Soya Oil Weekly: Minor Correction Within Up Trend

Report For Week Dated: 15/06/2015

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

Traders long and holding the same can keep the stop loss at 580.

Use rise to 603-620 to exit long as the opportunity arises.

Broadly, till the next breakout above 617 is not witnessed upside profit booking or selling pressure will be seen.

Sustainability of the spike from current level to 617 should be utilized to unwinding long position.

Correction to 586 and below can be used for accumulation with a stop loss of 579.

Downside momentum will resume on fall and close below 579 as speed line breakout would be considered as false breakout situation.

Indicators are falling which suggest that upside moves can be limited.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	594.3	574.7	UP	556.6	20.03	569	586	595	603	620

*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
594.3	-1.5	396230	-27.4	228190	9.7	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
59.69	-7.73	66.64	-10.40	11.08	-0.25	46.45	-6.67

Weekly Chart

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.