Report For Date 27/04/2015
NCDEX COC May :( Price in Rs/Quintal)
Trend is up and steep therefore traders long can keep the stop loss at 1685.
Resistance of 1776 was crossed last week as a result of which COC can move higher towards 1872.
Higher range for the week can be 1804-1885.
Correction can resume on fall and weekly close below 1685.
Dip till 1685 is not violated to 1752-
1723 can be looked at as an opportunity to accumulate as per weekly chart.
Traders need to manage and aligned risk accordingly to the higher bottom of 1685.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1778
|
1613
|
UP
|
1412
|
12.12
|
1652
|
1732
|
1766
|
1812
|
1892
|
*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 closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a 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
|
|
1778
|
2.1252
|
203210
|
967.8403
|
74660
|
10415.4932
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
82.33
|
2.14
|
86.00
|
2.44
|
89.32
|
9.16
|
58.76
|
-7.90
|
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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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