Report for Date: 31/03/15
The trend is still up but a profit taking is being witnessed in Maize April 2015 contract on National Commodity & Derivatives Exchange (NCDEX).
April 2015 maize futures contract has settled at Rs 1,238 per quintal Monday.
Ideally, book profits and exit long positions on rise to Rs 1,242-1,252 levels or above as the opportunity arises.
Re-enter long on rise and close above Rs 1,303.
INTRA-DAY LEVELS FOR NCDEX MAIZE APRIL 15 CONTRACT
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Book Profits
|
1238
|
1223
|
UP
|
1187
|
16.03
|
1188
|
1220
|
1234
|
1252
|
1284
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
1238
|
1.14
|
3050
|
342.03
|
4380.00
|
14.06
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
65.01
|
7.03
|
25.98
|
42.37
|
20.35
|
-3.83
|
38.32
|
-0.93
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The nformation 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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