Report For Date 15/06/2015
NCDEX COC June :( Price in Rs/Quintal)
Traders long can keep the stop loss at 1815.
Resistance will be at 1871-1927.
The lower top is 1913 and 1927.
Further rally can be seen on breakout above 1927.
On fall and close below 1815, a correction to the DRV of 1783 and 1752 can be seen.
Indicators like RSI and MACD overall is falling. RSI in last couple of weeks have exit the overbought zone therefore in near term minor correction or sideways volatility can happen above 1784.
A fall and close below 1784 can show price correction.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1843.0
|
1752.0
|
UP
|
1376.0
|
5.12
|
1759
|
1815
|
1843
|
1871
|
1927
|
*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
|
|
1843.0
|
0.5
|
247610
|
21.0
|
83490
|
49.5
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
66.89
|
0.93
|
48.95
|
1.87
|
104.29
|
-2.64
|
55.36
|
7.68
|
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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