Report for Date: 30/03/15
The trend has turned down in Wheat futures on National Commodity and Derivatives Exchange (NCDEX).
Wheat April 2015 futures contract settled sharply lower at 1,425 per quintal Friday.
Support of Rs 1,480 has broken.
Hold Short positions with a stop loss of Rs 1,442.
Expect lower levels of Rs 1,390-1,360 to be tested in volatility.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
1425
|
1459
|
DOWN
|
1450
|
23.03
|
1401
|
1417
|
1424
|
1433
|
1449
|
*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
|
|
1425
|
0.35
|
810
|
72.34
|
3230.00
|
-5.83
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
29.67
|
10.03
|
20.72
|
38.48
|
-17.46
|
-7.94
|
23.68
|
2.92
|
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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